TDS ON ADVERTISEMENT
This query is : Resolved
27 June 2011
THERE IS A CONTRACT WITH ADVERTISING CO OF RS 100000 FROM DEC 10 TO NOV 11 REPAYMENT IN 4 EQUAL INSTALLMENTS.FIRST PAYMENT OF 25000 IS MADE ON 1 DEC 2010.AND EXPENSE OF 4 MTHS i,e, 33333 IS MADE DUE ON 31/3/11..IS TDS APPLICABLE IN THE YEAR 2010-11..WHAT WILL BE THE TREATMENT IF WE TREAT IT AS DEFERRED EXP..WILL TDS APPLICABLE IN SUCH CASE...PLZ RPLY..
CA. Krishna K Neeraj
(Expert)
28 June 2011
Yes TDS is applicable U/s 194C..... TDS liability will remain the same even if it is treated as deferred exp.
Rate of TDS will 1% if advertisement exp is payable to non corporate person otherwise it will be 2%
Rate of TDS will 1% if advertisement exp is payable to non corporate person otherwise it will be 2%
Message likes :
1 times
29 June 2011
but why..total payment this year is 25000.. and total amt due for this year is 33333 i,e less than 75000..i think it should be applicable from second year..not in this year..plz reply..
Dhirajlal Rambhia
(Expert)
06 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
