What is the rate of TDS applicable for Advertisement in FY
2008-09 (Individual+Company)?
Answer Posted / praveen babu
TDS on advertising is deducted U/s.194C of Income tax act.
If TDS not deducted, If Per single transaction does not exceed Rs.20,000/-
and total transactions during the year doe not exceed Rs.50,000/-.
Otherwise Tds has to deduct.
For Individuals Normal rate 1% + 10%Surcharge on Tax(It is applicable only if the Individual gross total income exceeds Rs.10,00,000/-, other wise surcharge is not applicable.) +Education cess @2% and Higher education cess 1% on on tax.
For Companies & Firms :- Income tax 1% + 10%Surcharge on Tax(It is applicable only if the Companies & Firms total turnover exceeds Rs.1,00,00,000/-, other wise surcharge is not applicable.) +Education cess @2% and Higher education cess 1% on on tax.
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
What is the difference between fund flow vs. Cash flow?
is there easy guide for the latest India tax & accounting information for 2010?
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
About vat, service tax, tds, cenvat
Define deferred tax liability?
What is the difference between Indian and us taxation
I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
What is meant by Cost of Improvement?
What is calculate of tds
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
what is the scope of business taxation in private company?
why is service tax set off is consider while calculating wct tds
What is CAARO?