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We are generally give order to the printing company for
printing our uniqe file,calender,sovenour,answer
sheet,envelop etc, when company submite the bill it charge
the bill includes vat@4%, so can we deduct the TDS on total
invoice value or only cost amount (exclude the vat).
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Answer / b. balarama krishna
Thereis no need to deduct tds on the above mentioned
transaction, but if he shows printing charges or labour
charges seperately then only tds will be effected excluding
vat
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / teja chowdary
yes tds should be duductible as per sec 194c, because
company is not purchasing the preprinted files or calenders
etc.... rather it is a contract to fullfill the company
needs. Therefore TDS will be deducted on net cost .i.e.,
excluding vat.
| Is This Answer Correct ? | 15 Yes | 11 No |
Answer / evangalin
Under section 194 c TDs to be deducted for the whole amount
including the VAT. No where said to deduct TDS on the net
amount.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / seema
The co. is giving extra services on materais supplied as
per co.'s requirement. It is provinding both materials +
special services. It is a Contract. Hence TDS is applicable
u/s 194C @ 1% on gross amount ie inculding VAT.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / govardhan c. dhongadi
yes we have to deduct tds as its not direct purchse its a
contract given for fulfiling the company needs so its come
under the section 194C & tds should be deducted on gross
amount i.e including vat.
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / m. venkatramaiah
The transaction will fall u/s 194C and TDS on grass amount
is must.
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / jatinder kumar
There is no need to deduct TDS. It is a Sale Contract
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ramesh iyer
TDS SHOULD BE DEDUCTED ON GROSS AMOUNT AS TDS IS DEDUCTED ON CREDIT OR PAYMENT WHICHEVER IS EARLIER.WE HAVE TO DEDUCT ON THE LIABILITY TO THE PARTY
| Is This Answer Correct ? | 1 Yes | 2 No |
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