Tax deducted sources
This query is : Resolved
20 November 2008
Dear Sir,
We have given contract to advertisement agency for advertise our product. They advertise our product & have given their bill ( including advertisement matterial supply by them purchase from third party) Rs5000 (for Service provide by them & Rs. 15000 for material supply by them). What is the rate of TDS deduct from their bill is 2% or 1 % and which amount i.e Rs.20000 or 5000.
We have given contract to advertisement agency for advertise our product. They advertise our product & have given their bill ( including advertisement matterial supply by them purchase from third party) Rs5000 (for Service provide by them & Rs. 15000 for material supply by them). What is the rate of TDS deduct from their bill is 2% or 1 % and which amount i.e Rs.20000 or 5000.
20 November 2008
When advertising agency gives a consolidated bill including charges for artwork and other related jobs as well as payments made by it to media. Rate - 1%
20 November 2008
Circular No 295 / 06.03.1981
For Sec 194C purposes, the deduction should be based on the gross payment without excluding the cost of materials.
For Sec 194C purposes, the deduction should be based on the gross payment without excluding the cost of materials.
20 November 2008
1% on the gross amount
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