Tds deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2015 Dear Sir,

I receive a Advertisement bill on 15/05/2015 for Rs. 16000 and on same date i made payment by bank for Rs. 16000. Now, On 27/07/2015 i receive again an advertisement bill from same party for Rs. 15000 and i made payment of the same on the same date by bank. I wants to known about my TDS liability requirement.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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31 July 2015 from whom u getting the bill... a local vendor.. ???

Sandeep Dharar

Sandeep Dharar (Expert)
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31 July 2015 Yup dear TDS will b applicable u/s 194J. Hence u must deduct the whole TDS in the 2nd bill.

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2015 @ Ankit sir
From local partnership firm

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2015 @ Sandip dharar Sir,
I think advertisement expense is consider u/s 194C

Sandeep Dharar

Sandeep Dharar (Expert)
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31 July 2015 No dear, its comes under profession fees, if the advertisement firm has certain certificate for that, and if not then u can treat it as contract.

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)
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31 July 2015 TDS on advertisement services falls under section 194C. As per Section 194C TDS is required to deduct if anyone bill exceeds 30000 or gross bill crosses Rs 70000/- during a financial year. TDS will be @2% on partnership firm.