Tds
This query is : Resolved
18 August 2013
Dear Experts
My advertisements expenses from an contractor is ,say,40000 and from same party i also received advertisement income say 20000.
In this case will i be liable to deduct TDS for 40000? or can i net off without deducting it?
My advertisements expenses from an contractor is ,say,40000 and from same party i also received advertisement income say 20000.
In this case will i be liable to deduct TDS for 40000? or can i net off without deducting it?
18 August 2013
You have to deduct TDS on gross turnover and you cannot square up the account. Hence, on 40,000 you have to deduct TDS
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