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Tds on advertisement

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(Querist)
18 June 2012 Respected sir,

My Query was i had to incur Rs 21000 on advetisement ... do i need to apply TDS on it And if , then which section ?
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
18 June 2012 For one bill.Tds is to be deducted is amount is exceeding Rs 30000.

you bill amount is RS 21000.00 no need to deduct tds.
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Deepak Gupta

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Deepak Gupta (Expert)
18 June 2012 Advertising contracts are covered under section 194C. According to it no tds need to be deducted if single transaction not exceeding Rs.30000/- and aggregate annual value does not exceed Rs.75000/- with a single vendor.

Thus you need not to deduct tds in this case.



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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 June 2012 TDS will be deducted u/s 194C only if yearly payment to party exceeds Rs. 75,000 or one time payment exceeds Rs. 30,000.

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