Tds on news purchase
This query is : Resolved
08 February 2019
How much % is applicable on News Purchases from individuals (Like freelance journalists)
How much slab is applicable and under what section it comes, Please explain
How much slab is applicable and under what section it comes, Please explain
09 February 2019
This should attract Tds @10% U/S 194J of Income Tax Act,1961. U/S 194J, Tds is required to be deducted @10% on amount of payment or amount credited whichever is earlier. Threshold limit U/S 194J is ₹30,000, ecedding which is subject to deduction of TDS. For further information, you may login to www.wealth4india.com or speak to our expert @9266242424
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