Tds query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2016
Dear Experts
Mr. A -Individual has given permission to put an Hoarding on his wall for which he will charges 15000/- PM from Our Client Partnership firm.
Query- 1) under which section TDS will be applicable? 194C?
2) Rate of TDS? is it 1%
3) or whether an agreement is necessary to give effect such transactions?
Pl. confirm on urgent basis
Thanks
Mr. A -Individual has given permission to put an Hoarding on his wall for which he will charges 15000/- PM from Our Client Partnership firm.
Query- 1) under which section TDS will be applicable? 194C?
2) Rate of TDS? is it 1%
3) or whether an agreement is necessary to give effect such transactions?
Pl. confirm on urgent basis
Thanks
Murtaza I Bhagat
(Expert)
02 April 2016
Yes TDS Rate 1% will be applicable as advertising Contract.
there is no requirement needed but for your legal issue it will require. So Contract on paper is safe.
there is no requirement needed but for your legal issue it will require. So Contract on paper is safe.
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