tds on advertisement expense

This query is : Resolved 

14 January 2011

company is going to spend a advetisemanr expense of rs200000. there is no contract. do they have to deduct tds. if yes then at what rate

CMA. Subhash Kumar Jha (Expert)
14 January 2011

Section 194C

1 % for individual & HUF

2 % for Others.

CMA. Subhash Kumar Jha (Expert)
14 January 2011

Contract may not be in the written form, even a verbal contract is sufficient for TDS purpose.

Even a duly accepted purchase order is a contract.

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