WHAT IS THE RATE O DEDUCTION ON EVENT AND IN WHICH SECTION.
THE EVNT IS TO MANAGE THE COMPANY PROGRAMME THE COMPANY IS NEWS PROVIDER.
PLEASE PROVIDE ME SOLUTION EARLIER
THANX IN ADVANCE.
3 Replies
Rishubh Mathur
(Analyst -Taxation)
(442 Points)
Replied 19 December 2008
Such transaction is of nature of contract....
Hence TDS is deductible @ 2.06% upto payment of Rs.1 crore, therafter the rate is 2.26%
praveen
(Chartered Accountant)
(6971 Points)
Replied 20 December 2008
yup 2% with surcharge and cess as applicable.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 20 December 2008
It can be under Section 194C if its nature is contract and if this require any professional skills then can be subject to TDS under Section 194J......as it maybe possible coz this is case of news provider
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