income tax
This query is : Resolved
04 January 2011
if a pvt co not under audit as per turnover basis but liable to audit report & made payment of Rs 25000/- as advertisement whether tds provision attracted payment made by cheque
04 January 2011
What is the relation between audit report and TDS?
TDS has to be deducted as per TDS provisions.
TDS has to be deducted as per TDS provisions.
04 January 2011
Payment to advertisement is covered under section 194C for the purpose of tax deduction. Since the payment made in the instant case is less than the threshold limit of Rs.30,000/- income tax need not be deducted from that payment.
04 January 2011
TDS provisions apply with the concurrence of Tax Audit & that too subject to the minimum threshold limit. Here, as none of the conditions gets fulfilled, TDS won't apply.
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