TDS on Advertisement Expenses...

This query is : Resolved 

(Querist) 23 June 2011

I paid Advertisement Expenses of Rs.29,000/- in Apr 2011 to a Newspaper Agency. Again another bill of Rs.25,000/- and Rs.20,000/- for the Months of May 2011 and June 2011 respectively. Now the total Bills amount to Rs.74,000/-. Since no single bill crossed Rs.30,000/- I did not deduct any TDS. Now my next bill for the month would amount to Rs.25,000/-. Now My aggregate of payments during to the party will exceed Rs.75,000/- and Now on what amount should I deduct TDS - Whether on the last bill alone of Rs.25,000/- or the previous bill of Rs.74,000/- is also liable to deduction of Tax?

CA KRISHNA KUMAR DARUKA (Expert) 23 June 2011

It has to be deducted on old as well as new bills. That means on Rs 74000/- + Rs 25000/-.

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