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| This query is : Resolved
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Author : Anonymous
( Author )
19 August 2010
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WE R CONTINUE GIVING OUR COMPANY ADVERTISEMENT IN MAGAZINE / NEWS PAPER WITH CHARGE OF 3000/- PER MONTH IS IT SUBJECT TO TDS ?
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CMA. CS. Sanjay Gupta
( Expert )
19 August 2010
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Sec 194C will be applicable. But as the amount is below threshold limit no TDS to be deducted.
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Aditya Maheshwari
( Expert )
19 August 2010
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TDS on advertisement deductible u/s 194C.
However Since it is Rs. 3000 p. m. i. e. 36000/- for the year TDS not deductible as below limit for TDS deduction.
The threshold limit for applicability of TDS is Rs.30000 per bill or 75000 per annum billing.
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CMA. Subhash Kumar Jha
( Expert )
19 August 2010
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TDS under Section 194C will apply, but since the annual outgo is only Rs. 36000/- (below the threshold limit) , No TDS is deductible.
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PANKAJ KHURANA
( Expert )
19 August 2010
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TDS on advertisement deductible u/s 194C.
However Since it is Rs. 3000 p. m. i. e. 36000/- for the year TDS not deductible as below limit for TDS deduction.
The threshold limit for applicability of TDS is Rs. 30000 per bill or 75000 per annum billing.
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Aditya Maheshwari
( Expert )
19 August 2010
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Wow!!!
Pankajji your reply and my reply are word to word similar without difference of even any comma or full stop in the replies. Ditto same.
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