Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2014 if we pay INR 40,000.00 for advertise, then we responsible for tds deduction or not ??

CS,CA F,Numrologi TusharSampat (Expert)
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25 July 2014 yes under sec 194C if the payer is ind/huf then rate is 1% else 2 % but ig no pan provided then its 20%

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CMA. CS. Sanjay Gupta (Expert)
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25 July 2014 Rightly replied by expert. Only one correction : it will be payee and not payer.

Nikhil Kaushik (Expert)
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25 July 2014 one more addition, no TDS to be deducted if the payer is an individual or a HUF with turnover less than 44AB limit

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