Question

Which group should be selected for tds on advertisement account?

Answer 1

hey buddy here is ur ans .
Duties and taxes are the group selected for Tds on advertisement account

Answer 2

Duties and taxes should be selected for tds on advertisement account.

Explanation:

• The main objective of Tds is to collect tax from the  source of income. A person or company  who is liable to make payment of specified nature to any other person or company  shall be eligible for deducting tax at source as prescribed by the tax department and remit the same into the account of the Government.

• When an advertising agency makes payments to their models, artists, photographers, and more people then the tax shall be deducted at the rate of 5 per cent as applicable to fees for professional and technical services under section 194J of the Act.

• The person from whose income tax has been deducted at source would be entitled to get credit of the amount as deducted on the basis of Form 26AS for TDS certificate issued by the deductor

To know more about tds

TDS stand for ....................................

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