Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2015
Dear expert
my company is paying RS 60000 PM to news paper company for giving advertisement in news paper,
my Question is... do we need to deduct TDS, if yes which section it will cover
thanks in advance
my company is paying RS 60000 PM to news paper company for giving advertisement in news paper,
my Question is... do we need to deduct TDS, if yes which section it will cover
thanks in advance
CA AnKiT BoHrA (AB)
(Expert)
12 March 2015
if it crosses 75000 yearly or if a single contract croses 30000 amount of payment... then u had to deduct tds
as u said its 60000pm.. then surely it wil cross the limits for the year.. u must deduct tds @ 1% for non company
2 % for company
as u said its 60000pm.. then surely it wil cross the limits for the year.. u must deduct tds @ 1% for non company
2 % for company
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