TDS ON SPACE HIRED FOR HOARDINGS, ADVERTISIEMENT
This query is : Resolved
31 December 2019
AD AGENCY BEING PROPRIETOR TAKE ON LEASE SOME OPEN SPACES ON BUILDINGS, BRIDGES OR ON OPEN GROUND BESIDES HIGHWAYS. UNDER WHICH SECTION TDS IS TO BE PAID ?
31 December 2019
THANKS. BUT UNDER WHICH CIRCUMSTANCES IT WILL BE 194C - WHETHER SPACE IS USED AS SUBLEASED?
02 January 2020
Yes, in case of sub-letting it would be 194I. Please refer https://thetaxtalk.com/2018/09/10/tds-on-hoarding-advertisement-u-s-194c-or-194i/ - case law.
02 January 2020
If payment is made to ad agency, TDS to be done as per 194C advertising contracts. In case of sub-letting it would be 194I.
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