TDS to be deducted

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SANDEEP KUMAR (Querist)
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26 May 2011 A new Flex board is being made by a small time advertising agency to be installed in our office premise.

He is a small time ad agency, do not have a proper bill system. He will give the details in the letter head for the payment to be released.

what would be the TDS so deducted..?

Needs help

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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28 May 2011 TDS does not depend on type of agency or type of bill. If the nature of payment requires TDS under IT Act and the amount so paid exceeds threshold limit then TDS has to be deducted.

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