Anyone plaese clarify whether tds to be deducted u/s 194j or 194c while relesing payment to an advertisement agent.
Anyone plaese clarify whether tds to be deducted u/s 194j or 194c while relesing payment to an advertisement agent.
Yes, Tds @ 2% is to be deducted other the expenses will not be allowed and interest also to be paid.
deduct under sec 194c @ 2%
Dear Saroj,
TDS is to be deducted u/s 94J while making payment to Advertisement agent.
194C only, based on the status of the advertiser rate of TDS will change eigher 1% or 2%
For Advertisement payment TDS would be deducted @ 2% U/S 194C
Dear Saroj,
TDS u/s 194C will be deducted for advertisement charges @ 1%/2% depending on the status of contractor.
| Originally posted by : gourav | ||
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Dear Saroj, TDS u/s 194C will be deducted for advertisement charges @ 1%/2% depending on the status of contractor. |
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gourav ur rite
the rates od tds in case of advertising agencies depends from case to case and the medium too ..
Under 194 C @ 2%
TDS IS TO BE DEDUCTED U/S 194C....TDS ON CONTRACTOR...
TDS RATE 1 %,DEDUTTEE IS INDIVIDUAL/HUF
2% IN CASE OF COMPANY...
It should be under 194C and for Individual & HUF it should be 1% & for others its 2%
Tds u/s 194 C deducted on payment to Advertisement Company & TDS u/s 194 H will be deducted on agency commssion & its Service Tax.. (if showing sepretely in invoice)
i knw tat tds calculated if exceeds 75,000 per year for advertisement..but i want to tat it should from same supplier or from differnt supplier.? e.g diferent supplier means if each payment can be 15,000 to 20,000 means , so for each suplier it doest exceed 30,000 knw..so how its tds applicable
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