rate of TDs on advertising invoice
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TDS on advertising invoice
Replies (5)
Liable to deduct TDS u/s 194C @ 1% in case of Individual/HUF & 2% in case of others.
--Yes. Liable for TDS u/s 194-C since the definition of work includes Advertisement, Broadcasting & Telecasting
--Threshold for a Single Transaction = Rs. 30,000, if it exceeds Rs. 30,000 then liable for TDS.
If single invoice does not exceed Rs. 30k, but Aggregate charges paid/ payable to such party during the FY exceeds 1,00,000 , then again liability for TDS arises.
--The Rates for TDS are as mentioned above.
Also note that Individual or HUF not to deduct tax if the payment or amount credited to contractor is for personal use.
Rate of tds on rent
Rate of tds on rent
TDS on rent deducted @ 10% u/s 194I if amount of rent exceeds Rs.180000/-- in a year.
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