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TDS Application

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....DS Application<br> Query (Issue) Started By: - Janeesh TG Dated:- 1-1-2011 Last Reply Date:- 4-1-2011 Income Tax<br>Got 2 Replies<br>Income Tax<br>Sir, I receive a invoice for printing diary ( for se....

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....nding to my customers as a gift) from a Press, my question is that , i will pay the amount under which head of expenses ? and is it applicable for Tds? Regards Janeesh Reply By ALOKE GHOSH: The Rep....

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....ly: Dear Janeesh, The head of accounts has no relation in respect to applicability of section 194C and accordingly the same is not material. What is material is that whether the transaction covers u....

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....nder section 194C or not. My reply in this aspect is that it is not covered under section 194C & you have no liability to deduct tax against the said bill since the same is merely a purchase. Thanks ....

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.... Aloke Reply By ANAND SHEMBEKAR: The Reply: You have purchase the stationery item this is purely purchase of goods and not covered under the provisions of TDS under Income Tax.<br> Discussion Forum....

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.... - Knowledge Sharing ....