Tds on advertisment
This query is : Resolved
CA Shyam Agarwal
(Querist)
31 May 2014
Dear Friends
Please tell me if a trust incurred advertisment Exp. without any contract agreement between both parties in such situation trust is liable to deduct TDS.
Please tell me if a trust incurred advertisment Exp. without any contract agreement between both parties in such situation trust is liable to deduct TDS.
Rupesh Jain
(Expert)
31 May 2014
tds will deducted u/s 194C if single bill excess rs. 30000/- or total payment in year Exceed Rs. 75000/-
Nikhil Kaushik
(Expert)
31 May 2014
trusts are not exempted from TDS provisions. you need to deduct TDS if the payment is covered under the TDS provisions. Written agreement/contract is not required for 194C to trigger.
CA Shyam Agarwal
(Querist)
31 May 2014
ok thanks we have to deduct TDS even we don`t have written agreement/
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