What is the rate of TDS applicable for Advertisement in FY
2008-09 (Individual+Company)?
Answer Posted / sibaprasad
TDS on Advertisement in Fy 2008-09 is as follows:
Section: 194 C
Limit: Rs.20,000-/ and exceed Rs.50,000/- in a financial
year
1) for Company, Firms and Individual : 1.133% ( Rate 1%,
Sur ch 10% & Edu cess 3%)
(Where net taxable income more than 1 Crore)
2) for Company, Firms and Individual : 1.030% ( Rate 1%,
Sur ch 0% & Edu cess 3%) (Where net taxable income less
than 1 Crore)
3) Local authority and Co-operative societies surcharges
not added.
| Is This Answer Correct ? | 12 Yes | 5 No |
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