Although there was no liability to deduct tds under section 194C, as the limit of Rs. 30000 and Rs. 75000 has not crossed, yet the assessee, being a company, has deducted TDS on first payment of Rs.15000/- towards an advertisement expense @ 2% to a partnership firm.
Further a subsequent payment of Rs. 20000/- within the same financial year was made to the same party for advertisement expense.
Note: During the Financial year only these 2 payments have been made to the particular party.
Que: Is it necessary to deduct TDS on the subsequent payment of Rs. 20000/- made?
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