Ad agency
This query is : Resolved
06 September 2012
one of my claint do ads/ road shows of companies on contract basis and receive amount from those companies along with Tax deduction. u/s 194j.
he receives 17,50,000/-(seventeen lakhs Fifty thousand) and tds of rs.1,75,000/- was deducted.
Is this business comes under Business income or Professional Receipt. and is it need to be audited u/s44ab?
he receives 17,50,000/-(seventeen lakhs Fifty thousand) and tds of rs.1,75,000/- was deducted.
Is this business comes under Business income or Professional Receipt. and is it need to be audited u/s44ab?
07 September 2012
Yes he will liable for Audit.
Message likes :
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08 September 2012
if he makes an add and then publish then no but if he makes road shows then yes he is liable....
08 September 2012
Mr Rathi is Correct
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