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BANUPRIYA (Querist)
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23 May 2016 Dear Experts,

Good Evening.

I want to know about the TDS for advertisement bill for Rs.31000/- inclusive of tax. in that I have made payment of Rs.10000/- towards advance payment . the remaining 21000/- should I deduct TDS?? if yes please explain me

Thanks

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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23 May 2016 If single bill exceed Rs.30000/- than TDS applicable u/s 194C 1% if individuals or HUF, for other it is 2%

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Rupesh Jain

Rupesh Jain (Expert)
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24 May 2016 as per section 194C if your payment single payment Rs. 30000/- or during the year rs.75000/- you have to deduct TDs @1% for individual or HUF and 2% for Company and partner ship firms.