Can anybody pls suggest do we need to deduct TDS @ 1 % on payment to advertising agency as our company is also a advertising agency. The advertisers pay us the payment after deducting the TDS. The payment is for rendering their advertising service in other state.
01 March 2012
In the present case, TDS should be deducted @ 2%, if the deductee is a person other than a individual/HUF. The TDS rate in case of sub-contracts or advertising contracts is the same now.
CAclubindia
