Kindly guide whether TDS is required to be deducted for advsertising agency if the advertisement is being given to them since many years but do not have written contract. The payment made till this FY is Rs. 16000/- including the present bill of Rs.7800/-. Is there any penalty if TDS are deducted and paid even though not deductible as it was below threshold limit. Kindly guide. Thanks in advance
CAclubindia
