TDS u/s 194C

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2011 I want to know whether to deduct TDS as per 194C, is there any compulsion that there must be a contract with the vendor??? if we are simply making payment to a advertisement agency, are v liable to deduct tax as per Sec 194 C..
Reply soon please

Ram Avtar Singh

Ram Avtar Singh (Expert)
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05 April 2011 No need i written contract.

please deduct TDS under sec 194C

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2011 Thanks a lot sir

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2011 Sir can u please tell me something about this in depth ?? i was pretty confused about this. wht is the logic behind this.

CA Navin Jain

CA Navin Jain (Expert)
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05 April 2011 yes, tds to be deducted @ 2%

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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05 April 2011 The word work which was mentioned under 194 C is wide and enough to cover the transactions as mentioned above.

Rate will be For individual and HUF 1 %

Others 2%

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