Tds on business promotion

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We purchase some various types of calendars for business promotion worth Rs. 1.20 lakhs, can i deduct tds? if yes, then which section will impose on this transaction.
Replies (2)
194J

if there is any contract then it is covered by 194C

Business promotion activity is in nature of contract hence 1 % or 2% TDS applicable u/s 194 C

 


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