Dear Experts,
Our company has published an advertisement regarding the job opportunity, in a news paper . At what rate i have to deduct TDS , is there any minimum limit for non deduction of TDS on advertisement.
Thanks
Jerry
Jerry (CMA) (35 Points)
16 March 2017Dear Experts,
Our company has published an advertisement regarding the job opportunity, in a news paper . At what rate i have to deduct TDS , is there any minimum limit for non deduction of TDS on advertisement.
Thanks
Jerry
Basavaraj
(B.Com FCA)
(193 Points)
Replied 18 March 2017
The Advertisement expenses comes under u/s 194C - Contract.
The limit is if you are paying more than 30,000 per person during the financial year the tds to be deducted would be as follows;
2% if the deductee is company
1% if the deductee is non company
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
