there is an advertising agreement for 3 years amounting Rs 45000 payment was made in the first year itself.
As we book only 15000 for the current year and rest 30000 will be written of in next two year, what will be the TDS treatment for this in current year and next years
please help
| ADVERTISEMENT EXPENSES | 194C | Definition of "work" includes advertisement, Bradcasting & Telecasting | IND/HUF - 1 %; OTHERS 2% on single pay exceeding Rs 30000. Also shall attract TDS if agg pay exceeds Rs 75000 during the FY |
Hi Manish,
TDS will not attract on this payment as it is below threshhold limit.
VIKAS VERMA & CO
New Delhi
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