Hi,
For Payment made to advertising agency under which section TDS should be deducted??
Deepak Gupta
(CA Student)
(15922 Points)
Replied 06 August 2013
Originally posted by : vinuta | ||
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Hi, For Payment made to advertising agency under which section TDS should be deducted?? |
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The deduction will have to be made under section 194C.
Mihir
(Wealth Manager)
(5293 Points)
Replied 07 August 2013
Single transaction above Rs. 30,000/-
Aggregate transaction above Rs. 75,000/-
Deduct TDS u/s 194C
Company deductee at 2%
Individual deductee at 1%
CA Naresh Kumar Bhati
(PARTNER)
(25 Points)
Replied 07 August 2013
rules of tds u/s 194C will be applicable.
mannu
(1/2 CA)
(589 Points)
Replied 07 August 2013
Khushboo Somani
(Business)
(90 Points)
Replied 07 August 2013
Tax should be deducted u/s 194C. for more details refer the link
CA ESHAN CHAKRAWARTI
(job)
(101 Points)
Replied 07 August 2013
Is it compulsory to have a contract deed for the purrpose of deduction of tds???
Mihir
(Wealth Manager)
(5293 Points)
Replied 07 August 2013
Not a necessity to have a contract deed / agreement to cover u/s 194C
CA SONIYA AGARWAL
(self practice)
(3005 Points)
Replied 07 August 2013
tds will be deducted u/s 194c
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 01 September 2013
TDS u/s 194C
no need of agreement but nature of contract should be present.
kalpana
(Accountant)
(21 Points)
Replied 06 November 2014
Dear Sir/Madam,
I have a query that I haven't deducted any TDS on the individual advertisement since we didn't receive any bill copy containing total value of the contract. And after full and final payment we came to know that the contract is completed and bills were yet to receive but without deduction of TDS on the contract the payment were made in full and final to the contractor. Now the person is not ready to agree for reimbursement of TDS amount or in providing inclusive tax bill.
Kindly help me in resolving the issue.
Regards,
Kalpana.
chaitanya
(business)
(2 Points)
Replied 22 January 2018
we r advertising in the news paper through an agency, say like anu ads ..... can i deduct tds while making payment to that agency.....
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