Tds deducted or not
This query is : Resolved
31 October 2012
WE HAVE RECEIVED ADVERTISING BILL FOR RS.21000/ ON DATED 14.09.12 & OTHER BILL FOR RS. 21000/-ON DATED 30.09.12. WE HAVE DEDUCTED TDS OR NOT.
D.D.PANDEY
WE HAVE RECEIVED ADVERTISING BILL FOR RS.21000/ ON DATED 14.09.12 & OTHER BILL FOR RS. 21000/-ON DATED 30.09.12. WE HAVE DEDUCTED TDS OR NOT.
D.D.PANDEY
31 October 2012
TDS on Advertisement is covered u/s 194C.
According to that sec TDS is to be deducted if :-
1. amounts exceed rs 30000/- on single payment.
OR
2. For the year it exceeds rs 75000/-.
Accordingly in your case single pmt is not exceeding 30000/- but if for the year if it is likely to exceed 75000/- then TDS is to be deduced.
According to that sec TDS is to be deducted if :-
1. amounts exceed rs 30000/- on single payment.
OR
2. For the year it exceeds rs 75000/-.
Accordingly in your case single pmt is not exceeding 30000/- but if for the year if it is likely to exceed 75000/- then TDS is to be deduced.
31 October 2012
Thank you Manish ji
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
