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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
Question
What is the rate of TDS applicable for Advertisement in FY 
2008-09 (Individual+Company)?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
TDS on Advertisement in Fy 2008-09 is as follows:


Section: 194 C

Limit: Rs.20,000-/

1) for Company : 1.133% ( Rate 1%, Sur ch 10% & Edu cess 3%)
(Where nety taxable income more than 1 Crore)

2) for Company : 1.030% ( Rate 1%, Sur ch 0% & Edu cess 3%)
(Where nety taxable income less than 1 Crore)

3) for Individual: 1.133%
 
Is This Answer Correct ?    30 Yes 3 No
Sd Marulasiddappa, Bengalooru-
 
Answer
# 2
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 4 No
Sibaprasad
 
 
 
Answer
# 3
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
Praveen Babu
 
Answer
# 4
TDS Rate in advertising is 1%+(10% surcharge Ef app.)+3%
Education cess
 
Is This Answer Correct ?    7 Yes 3 No
Harindr Sahani
 
Answer
# 5
INDIVIDUAL:- slab rate :-

1 > FEMALE 145000/- exempt upto 150000/- @ 10% upto
250000/- @20% more then 250000/- & upto 1000000/- @30%

2 > Male 110000/- exempt upto 150000/- @ 10% upto 250000/-
@20% more then 250000/- & upto 1000000/- @30%

3 > Senior Citizen 195000/- exempt upto 250000/- @20%
more then 250000/- & upto 1000000/- @30%


COMPANY:- Slab Rate:-
 
Is This Answer Correct ?    10 Yes 20 No
Shalini.mann
 

 
 
 
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