Dear collegues,
A client was paid an amount of Rs. 102000 to an advertising agencies for advertisment in ALL INDIA RADIO (not directly to AIR) without dedcting tds during the fy 2004 - 2005
1. All single contracts are below rs.20000/-
2. All payments are below rs.20000/-
3. All payments are made before 30/09/04
As per the new amendments made in sec 194c aggregate amount exceeds rs.50000/- in a financial year he is liable to deduct tds.(w e f 1/10/2004)
Even though his aggreate payments exceeds Rs.50000/- in a financial year but all the payments are made before 30/09/04
according to section 194c whether is he liable to dedcut tds on the payments made for advertising contract or not
CAclubindia
