Is TDS applicable on online journals and magazines purchsed from a vendor???
CA. ROHIT JAIN (CHARTERED ACCOUNTANT) (97 Points)
09 April 2014Is TDS applicable on online journals and magazines purchsed from a vendor???
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 April 2014
NO TDS APPLICABLE ON ONLINE PURCHASE OF E-JOURNAL
CA. ROHIT JAIN
(CHARTERED ACCOUNTANT)
(97 Points)
Replied 09 April 2014
Can you please share relevant case/section??? 194J is not clear about this.....
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 April 2014
actually 194 J is not applicable
since this is just a sale and purchase type transaction any TDS provision will not apply on the same.
CA. ROHIT JAIN
(CHARTERED ACCOUNTANT)
(97 Points)
Replied 09 April 2014
Just to check... In case it is sale then why there is no vat etc. applicable on this transaction, however they are charging service tax in the invoice...
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 09 April 2014
if they are charging service tax, they are wrong as per my understanding (on the basis of what you have explained in this coloumn)
and no sale tax applicable on books, stationery, journals etc.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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