tds

TDS 973 views 9 replies

our client has given advertisment in newspaper toi regarding vacancy 4 employee. they hav billed 60000 so will tds b applicable u/s 194c

Replies (9)

For Section 194C Rs. 30000 for single payment & Rs. 75000 for aggregate Payment during a financial year

yes, sec194C is applicable in this case with -1% or 2%.

TDS is not required to dudect tax on payment of  Govt. agencies only.( circular no.-715, dated 08/08/1995.)

Dear Ankss,

 

1) Yes. In your case TDS is to be deducted on payment made towards advertisement u/s 194C.

 

2) If the deductee is an Individual, then TDS is to be deducted @ 1% and if deductee is a Pvt. ltd co. or a Regd. firm, then TDS is to be deducted @ 2%.

 

3) If the deducteee does not quote his PAN then TDS is to be deducted @ 20%.

 

4) Remember that single bill amount should be above Rs. 30000 and the aggregate amount should be Rs. 75000 during the whole year.

 

 

 

Regards,

Devendra P Kulkarni

yes agree with mr devendra he is correct and good explanation is given by him

Yes Right 194C is applicable in case of Company 2% and other 1%

Yes.. Devendra is right. Only if point no.4 is satisfied, we gotta see the other criterias. 

Very good explanation. 

the single bill amount should be above Rs. 30000 and the aggregate amount should be Rs. 75000 during the whole year to attract TDS

agreed with Mr. Devendra...........

yes,

agreed with Mr. Devendra...........


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