30 July 2013
This is proprietorship firm. It was under audit last year. We paid an amount to advertisement agency to publish notice for Rs. 10000 without TDS in April 2013. In July 2013 we have to pay Rs. 117000 against advertisement. Should TDS be applicable on public notice? On which amount should i deduct TDS.
30 July 2013
Yes. If TDS on Rs 10000/- was not deducted earlier the same should be deducted from payment of July. Therefore TDS to be deducted on Rs 127000/-
CAclubindia
