If we purchase Text Books or Note Books worth >25Lakhs from one person TDS is applicable or not ? if applicable under which section?
*condition: we don't have GST Registration even composition Scheme.
Here u have purchased the books which will be treated as material ...so as per act tds is not applicable...(194c)..
it is only applicable if you purchased it on contract basis ...though it is in nature of material so No TDS is applicable....
CAclubindia
