Tds deducted or not

This query is : Resolved

devi dutt pandey (Querist)
Follow

31 October 2012
WE HAVE RECEIVED ADVERTISING BILL FOR RS.21000/ ON DATED 14.09.12 & OTHER BILL FOR RS. 21000/-ON DATED 30.09.12. WE HAVE DEDUCTED TDS OR NOT.

D.D.PANDEY

CA Manish

CA Manish (Expert)
Follow

31 October 2012 TDS on Advertisement is covered u/s 194C.

According to that sec TDS is to be deducted if :-

1. amounts exceed rs 30000/- on single payment.

OR

2. For the year it exceeds rs 75000/-.

Accordingly in your case single pmt is not exceeding 30000/- but if for the year if it is likely to exceed 75000/- then TDS is to be deduced.

devi dutt pandey

devi dutt pandey (Querist)
Follow

31 October 2012 Thank you Manish ji

Upgrade to CAclubindia Pro. Subscribe Now!