Tds query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 April 2016 Dear Experts

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?

Pl. confirm on urgent basis

Thanks

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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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.

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