25 February 2010
WHAT IS THE RATE FOR TDS ON ADVERTISEMENT. ONE OF MY FRIEND HAS GIVEN ADVERTISEMENT IN A TELE SERIES MEDIA FOR A PARTICULAR PERIOD. INTIALLY HE GOT THE BILL OF RS,180000/= AND HE HAS MADE PART PAYMENT ALSO. AFTER LONG DISCUSSION THE BILL AMOUNT HAS REDUCED TO RS, 160000/= I NEED CLARIFICATION THAT FOR WHAT AMOUNT THE TDS ON ADVT TO BE DEDUCTED? & WHAT IS THE PERCETAGE? WHETHER SURCHARGE + INCLUDED.
25 February 2010
TDS rate for this 2 % under sec.194C
You are not mentioned your friend whether Individual or not
if the Individual whose books of accounts not required to be audited under section 44AB no need to deduct the TDS on payment made by them
Querist :
Anonymous
Querist :
Anonymous
(Querist)
26 February 2010
My friend is working in a company? remitting TDS every month without fail.He has collected PAN no from the advt agent. so now he has to deduct 2% on Rs.160,000/= ie rs.3,200/= only (net payable is Rs.160,000-3200/= less advance.
Pl clarify. I am not familiar in this subject.. Thanks for your advice