Tds on business promotion
We purchase some various types of calendars for business promotion worth Rs. 1.20 lakhs, can i deduct tds? if yes, then which section will impose on this transaction.
Replies (2)
Quick Summary
194J
if there is any contract then it is covered by 194C
if there is any contract then it is covered by 194C
Business promotion activity is in nature of contract hence 1 % or 2% TDS applicable u/s 194 C
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
