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We are deducting tds since it is income to the cleint .. right?..bi?

we are deducting tds since it is income to the cleint .. right?.. so do we have to deduct tds from stationary purchase bill since it is income to the proprieter..? above which bill amount we have to deduct tds...?

It is not in the TDS list. Go through the TDS list.

http://www.incometaxbangalore.org/taxinf...

bill amt above 20000, or if total payament in a year exceeds 50000.

TDS is not required to deduct on all the income of the client. This is a sale and purchase so there will be no TDS.

The main list for the TDS is given below:

194A Other Interest 20%
194B Winning from Lotteries 30%
194C Payment to Contractors 2%
194C Pay to Advt/Sub Contractors 1%
194D Insurance Commission 20%
194H Commission/Brokerage 10%
194I Rent 20%/15%
194I Rent-Plant / Machinery 10%
194J Professional Fees 10%

Surcharge and Education cess is also application as per Income Tax rules.

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