Tds

This query is : Resolved

biren (Querist)
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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?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.