HELLO FRIENDS, MY CLIENT HAS MADE ADVERTISEMENT FROM 3 PERSONS
FROM IST PERSON RS. 50000 P.A
FROM 2ND PERSON 65,000 P.A
FROM 3RD 70,000P.A
EACH DOES NOT EXCEED RS, 75,000 P.A TO ATTRACT TDS LIABILITY
NOW PLS. TELL ME WE HAVE TO SEE THIS SEC PERSON WISE ONLY. OR TOTAL RS. 75,000 P.A FROM ALL THE ADVERTISORS.
PLS. HELP ME.
You have to see it person wise for deduction TDS.
It is assumed that none of the bill amount is above Rs. 30000. Thus there is no need to deduct TDS u/s 194C as the aggregate of the bill amount of each person is not exceeding Rs. 75000. But if there are any bills going above Rs. 20000 before 30.06.10, then TDS is liable to be deducted.
if single bill does nt exceed Rs. 30000/- thn u dont have to deduct tds in your case......
you should check person wise
CAclubindia
