02 February 2012
if my company has hired a stall in an exhibition for 2-3 days , will the company required to deduct tds? if yes, then under which section 194c or 194I? Stall charge is Rs.80000 in total.
02 February 2012
Stall Hire Charges would attract TDS u/s. 194I and therefore if there is single bill of Rs. 80000/-, there is no need to deduct TDS as threshold limit is Rs. 180000/- for Rent (Sec 194I) However if total billing for the year exceeds Rs. 180000/-, TDS should be deducted @ 10% u/s. 194I