Tds deducted or not
This query is : Resolved
devi dutt pandey
(Querist)
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.
devi dutt pandey
(Querist)
31 October 2012
Thank you Manish ji
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