Tds u/s 194 c
This query is : Resolved
12 March 2013
My client, during the previous year 2011-12, has deducted and paid tds on payment of Advertisement Expenses @ 1% to a Limited Company. Now the tds officer issues notice there is a short deduction.
what is the rate of tds on payment advertising contract! ( both indvidual and corporate )
what is the rate of tds on payment advertising contract! ( both indvidual and corporate )
CA Parul Saxena
(Expert)
12 March 2013
If the deductee is Non-corporate TDS rate is 1% and for corporate it is 2%......
CA Suraj Lakhotia
(Expert)
12 March 2013
Earlier it was 1%.
After finance Act 2008 was passed, the rates mentioned by CA Parul are applicable.
After finance Act 2008 was passed, the rates mentioned by CA Parul are applicable.
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