Tds on advertisement

This query is : Resolved

DWARKA (Querist)
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30 July 2013 This is proprietorship firm. It was under audit last year. We paid an amount to advertisement agency to publish notice for Rs. 10000 without TDS in April 2013. In July 2013 we have to pay Rs. 117000 against advertisement. Should TDS be applicable on public notice? On which amount should i deduct TDS.

Thanks & regards.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 July 2013 Yes TDS required to be deducted u/s 194C.

You need to deduct TDS on Rs 117000/-

Rate:

Individual/HUF @1%
Others @2%.

CA Parul Saxena

CA Parul Saxena (Expert)
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30 July 2013 you have to deduct tds on 127000/-

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 July 2013 Yes. If TDS on Rs 10000/- was not deducted earlier the same should be deducted from payment of July. Therefore TDS to be deducted on Rs 127000/-

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