We have given contract to advertisement agency for advertise our product. They advertise our product & have given their bill ( including advertisement matterial supply by them purchase from third party) Rs5000 (for Service provide by them & Rs. 15000 for material supply by them). What is the rate of TDS deduct from their bill is 2% or 1 % and which amount i.e Rs.20000 or 5000.
20 November 2008
When advertising agency gives a consolidated bill including charges for artwork and other related jobs as well as payments made by it to media. Rate - 1%
CAclubindia
