tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2010
can tds will de deducted on sales promotion
16 May 2010
Its no where specified in Income Tax Act, that the TDS would not be deducted on speciific expense. Sales promotion is something related to advertisement and it would fall in defination of contract. So, TDS would be deducted on it @ 2% under section 194C.
Further, the TDS would be 20% if the PAN no. is not obtained from the respective supplier or contractor. And one more thing, the TDS rate would be 1% in case of individual or HUF and in all other cases, it would be 2 %.
Further, the TDS would be 20% if the PAN no. is not obtained from the respective supplier or contractor. And one more thing, the TDS rate would be 1% in case of individual or HUF and in all other cases, it would be 2 %.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Type of Capital Gain
- Error in uploading Form 10BD
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Grand in aid
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
