22 December 2009
W.e.f 1.10.2009 there is no differnce between contract and advertising contract The applicable rate is For Individual& HUF = 1% For all other = 2%
whether contractor or subcontractor the rate is same
22 December 2009
agree Payment to Sub-Contractors and Payment for Advertising Contracts Single Credit/Payable/ Paid Does not exceeds Rs. 20000. OR ELSE Aggregate of sum credited/Payable/Paid during FY Does not Exceeds Rs.50000. Ind & HUF 1% other 2%
CAclubindia
