tds on exibition fees at what rate applcable is it 1.03?or other rate
5 Replies
HITESH
(CA STUDENT)
(50 Points)
Replied 23 September 2009
First of all as per new ammendment, Education cess and Secondry E.cess not Applicable w.e.f. 01-04-2009.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 23 September 2009
Exhibition Fees paid is of the nature of advertising nature and is chargeable @ 1.133%, if paid to company and @ 1% if paid to individual or HUF, because education cess & surcharge shall not be applicable to payment made to individual & HUF Only as per new finance act, 2009 amendment.
regards,
ratan
CA Hemant Kumar
(CA, LLB (p), B.Com)
(204 Points)
Replied 23 September 2009
it is 1% and no Education cess or sucharge is applicable from 1st oct, 09
Y.N.Vinod
(Consultant - Risk Advisory Services)
(98 Points)
Replied 27 November 2009
TDS is to be deducted as per the rate applicable for advertisements U/s 194 c
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