Tds
This query is : Resolved
17 December 2012
My client has paid advertisement charges in a tune of rs. 69000/- till date and any of bill is not equal to or more than rs. 30000/-. Whether he is liable to deduct tds on advertisement agency for current year?
17 December 2012
Since the bill amount was less than Rs 30000/- and annual payment is below Rs 75000/- TDS is not required to be deducted as the amount is below the threshold limit for section 194C.
Threshold limit is:-
Rs 30000/- single bill
Rs 75000/- annual total.
Only is above limit is crossed TDS is required to be deducted.
Threshold limit is:-
Rs 30000/- single bill
Rs 75000/- annual total.
Only is above limit is crossed TDS is required to be deducted.
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