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Query for tds.

This query is : Resolved 
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(Querist)
25 November 2013 we are the pvt ltd co. & if payment of advertising is not exceed Rs 50000 p.a. at this stage we should deduct TDS or not. Please reply.
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Mohan Babu.L

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Mohan Babu.L (Expert)
25 November 2013 Hi Satendra Mishra,
If the threshold total payment during the year for advertisement is Rs. 30,000/- in a single invoice or exceeds the said amount TDS has to be deducted u/s 194c(2) @ 1% for individual or HUF & 2% for others if PAN No is available, or otherwise 20% should be deducted.
Good Luck.
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Satendra Mishra

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Satendra Mishra (Querist)
30 November 2013 Thanks for the reply, if payment exceeding Rs 30000 but not in a single invoice than what should i do.
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Mohan Babu.L

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Mohan Babu.L (Expert)
02 December 2013 If the payment not exceeding Rs 30,000 in a single invoice, the threshold limit is Rs 75,000 per year. i.e. if the total payment for a particular vendor/s exceeds Rs 75,000 in a year then TDS would be attracted on the above said rates.
Good Luck..
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Satendra Mishra

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Satendra Mishra (Querist)
03 December 2013 Thanks for the reply.
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