TDS deduction
This query is : Resolved
deepak gairola
(Querist)
06 December 2010
Good Afternoon Everyone
Sir i work in a private company.our company give advertisement in newspaper magazine on behalf of our client. newspaper company donot charge service tax on invoice. so we have to deduct TDS on net amount please suggest
Thanking you
Deepak Gairola
Sir i work in a private company.our company give advertisement in newspaper magazine on behalf of our client. newspaper company donot charge service tax on invoice. so we have to deduct TDS on net amount please suggest
Thanking you
Deepak Gairola
CA.ViVeK M ACA
(Expert)
06 December 2010
Dear Deeoak,
The above transaction will over under the head Contract .. ( 194 C) if single payment exceeds Rs 30,000/- or aggregate anount exceeds Rs 75,0000/-.
TDS shall be @ 2 % on the invoice raised by the client..
The above transaction will over under the head Contract .. ( 194 C) if single payment exceeds Rs 30,000/- or aggregate anount exceeds Rs 75,0000/-.
TDS shall be @ 2 % on the invoice raised by the client..
06 December 2010
Sec 194C applicable. Deduct TDS on total amount of Bill raised by News paper company.
Threshold limit as mentioned above by Vivek Ji.
TDS Rate:
Individual/HUF @1%
Others @ 2%.
Threshold limit as mentioned above by Vivek Ji.
TDS Rate:
Individual/HUF @1%
Others @ 2%.
CA.ViVeK M ACA
(Expert)
06 December 2010
Thank you sanjya for your clarification with respect to Rate...
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