whether the tds is required to be deducted on payment made for printing of prospectus in cases where material is not supplied by contractee. ??
CA and CMA Ravinder Singh (CA and CMA) (853 Points)
01 September 2013whether the tds is required to be deducted on payment made for printing of prospectus in cases where material is not supplied by contractee. ??
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 01 September 2013
Dear Sir,
No, the TDS is not required to be deducted in those cases... such situation are called as sale.. and TDS would not be attracted (as he didn't purchased/received the said items from the supplier/contractor).
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
CA and CMA Ravinder Singh
(CA and CMA)
(853 Points)
Replied 01 September 2013
ok thanku for your suggestion......but i was wondering if the printing of prospectus falls under the category of advertising.
Mihir
(Wealth Manager)
(5293 Points)
Replied 02 September 2013
Distribution of prospectus or distribution of information regarding prospectus shall not be undertaken by the printing company, so its not advertising.