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TDS Rate On Printing Job?

shailendra (Accounts Executive ) (128 Points)

23 June 2010

Hello,

Can anyone tell me whether tds is applicable on printing job?

If yes, section under which applicable?

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10 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 23 June 2010

Dear Shailendra

Yes T.D.S. is applicable on printing jobs under section 194c.

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)
Replied 23 June 2010

AGREE TDS APPLICABLE U/S 194C

shailendra (Accounts Executive ) (128 Points)
Replied 23 June 2010

Dear Pankaj,

On printing job bill VAT is applicable then how to deduct TDS on this bill ?

Nikhil Ts (CA ,CS FINAL) (41 Points)
Replied 23 June 2010

194C,IF THE PERSON WHO IS PRINTING IS AN INDIVIDUAL ASSESSEE-1%

IF THE PERSON WHO IS PRINTING IS NOT AN INDIVIDUAL ASSESSEE-2%

shailendra (Accounts Executive ) (128 Points)
Replied 23 June 2010

Dear Nikhil Ji,

Please clear it taking in mind what I write down just before you.

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Sanket Damodar Karve (Business) (179 Points)
Replied 24 June 2010

Dear Shailendra,

Vat is apllicable on material & TDS will be charged o the printing charges

Ask for the bill which show clearly the materail & printing charges for TDS deduction.

Else you have to deduct TDS on entire bill amount if it exceeds prescribe limit.

Regards

(Guest)

Dear Shailendra

TDS applicable on labour portion of printing job only i.e.For Material portion TDS not applicable if it is seperately shown in the bill otherwise TDS will attract on gross amount of bill

karthikeyan.v (Chartered Accountant) (523 Points)
Replied 24 June 2010

Dear friends

if the bill specifically states that the material portion then the TDS would be only on the labor charges, otherwise TDS should be deducted on the full amount of the bill, agree with the learned friends

regards

karthi

Aneesh (Pursuing CA) (101 Points)
Replied 24 June 2010

Yes it is applicable under Section 194C.

Refer BDA Ltd vs. ITO (TDS) (2006) 281 ITR 999(Bom)

Dinesh (Manager - Finance & Accounts) (21 Points)
Replied 02 September 2010

Dear Shailendra,

TDS is applicable on printing jobs u/s 194c of the Income Tax 1961. You can deduct TDS on the total amount reduced by the VAT amount or Service Tax incase of Labour work bill. for e.g : - Mr. A gives an invoice of Rs. 110000/- in which Rs. 10000/- is towards levy of Indirect Taxes, hence you will be liable to deduct TDS on Rs. 100000/- at the prevailing rates as declared by the Income tax Department.