Mr. A -Individual has given permission to put an Hoarding on his wall for which he will charges 15000/- PM from Our Client Partnership firm.
Query- 1) under which section TDS will be applicable? 194C? 2) Rate of TDS? is it 1% 3) or whether an agreement is necessary to give effect such transactions?
02 April 2016
Yes TDS Rate 1% will be applicable as advertising Contract. there is no requirement needed but for your legal issue it will require. So Contract on paper is safe.
CAclubindia
