TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 March 2011 Hi sir...
There is one of the Individual
And the activity mention on Bill is Towards the Image Hire, then which section is applicable for deduct TDS. Which section is apllicable either 194C or 194I and please specify the reason also, Becoz some expert had told me 194I is Applicable for image higher

plz guide me as soon as possible

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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24 March 2011 I hope the above transaction will fall within the meaning of contract.

In case of individual and HUF applicable Rate shall be 1 %, in others it will be @ 2 %