Tds on advertisement
This query is : Resolved
18 June 2012
Respected sir,
My Query was i had to incur Rs 21000 on advetisement ... do i need to apply TDS on it And if , then which section ?
My Query was i had to incur Rs 21000 on advetisement ... do i need to apply TDS on it And if , then which section ?
18 June 2012
For one bill.Tds is to be deducted is amount is exceeding Rs 30000.
you bill amount is RS 21000.00 no need to deduct tds.
you bill amount is RS 21000.00 no need to deduct tds.
18 June 2012
Advertising contracts are covered under section 194C. According to it no tds need to be deducted if single transaction not exceeding Rs.30000/- and aggregate annual value does not exceed Rs.75000/- with a single vendor.
Thus you need not to deduct tds in this case.
Thus you need not to deduct tds in this case.
18 June 2012
TDS will be deducted u/s 194C only if yearly payment to party exceeds Rs. 75,000 or one time payment exceeds Rs. 30,000.
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