Ad agency
This query is : Resolved
06 September 2012
one of my claint do ads/ road shows of companies on contract basis and receive amount from those companies along with Tax deduction. u/s 194j.
he receives 17,50,000/-(seventeen lakhs Fifty thousand) and tds of rs.1,75,000/- was deducted.
Is this business comes under Business income or Professional Receipt. and is it need to be audited u/s44ab?
he receives 17,50,000/-(seventeen lakhs Fifty thousand) and tds of rs.1,75,000/- was deducted.
Is this business comes under Business income or Professional Receipt. and is it need to be audited u/s44ab?
07 September 2012
Yes he will liable for Audit.
Message likes :
1 times
08 September 2012
if he makes an add and then publish then no but if he makes road shows then yes he is liable....
08 September 2012
Mr Rathi is Correct
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