06 April 2009
IF THE ADVETRISING AGENCY IS SUBMITING EXEMPTION CERTIFICATE UNDER THE HEAD OF CERTIFICATE U/S 197(1)OF THE IT ACT 1961. OF DEDUCTING TDS @ 1.133%. AS PER THE LETTER SUBMITTED FROM AGENCY IT IS STATED THAT "ASSESSED IN THIS CHARGE IS ENGAGED IN THE BUSINESS OF ADVERTISING & RECEIPTS BEING IN THE NATURE OF ADVERTISING RECEIPTS TDS IS AT THE RATE OF 1.00% & SURCHARGE AS APPLICABLE."
AT WHAT RATE WE HAVE TO DEDUCT TDS ON RETAINERSHIP FEES.IS IT 1.133% OR 11.33%.
07 April 2009
The rate approved is 1.00% Surcharge at 10% is 0.10% Education cess .22% Secondary edu cess is .11% -------- 1.43% If surcharge is applicable
If surcharge is not applicable The rate approved is 1.00% Education cess .20% Secondary edu cess .10% ----------- 1.30%
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