TDS

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WHAT IS THE RATE O DEDUCTION ON EVENT AND IN WHICH SECTION.

THE EVNT IS TO MANAGE THE COMPANY PROGRAMME THE COMPANY IS NEWS PROVIDER.

PLEASE PROVIDE ME SOLUTION EARLIER

THANX IN ADVANCE.

Replies (3)

Such transaction is of nature of contract....

Hence TDS is deductible @ 2.06% upto payment of Rs.1 crore, therafter the rate is 2.26%

 

 

yup 2% with surcharge and cess as applicable.

It can be under Section 194C if its nature is contract and if this require any professional skills then can be subject to TDS under Section 194J......as it maybe possible coz this is case of news provider


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