Uma
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veeru
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The contract for putting up a hoarding is in the nature of advertising contract and provisions of section 194C would be applicable. It may, however, be clarified that if a person has taken a particular space on rent and thereafter sub lets the same fully or in part for putting up a hoarding
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Pushkala Santhanam
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The Contract for putting up a hoarding is in the nature of advertising contract. For deduction of tax at source on such contracts, the provisions of section 194C would be applicable.
However, if a person has taken a particular space on rent and thereafter sublets the same fully or in part for putting up a hoarding, he would be liable to TDS under section 194-I and not under section 194-C of the Income Tax Act, 1961. This was clarified by the department by issue of a Circular No - 715, datd 8-8-1995.
veeru
answered
It may, however, be clarified that if a person has taken a particular space on rent and thereafter sub lets the same fully or in part for putting up a hoarding, he would be liable to TDS under section 194-I and not under section 1 94C of the Act. Circular: No. 715, dated 8-8-1995.
lochan
answered
The contract for putting up a hoarding is in the nature of advertising contract and provisions of section 194C would be applicable. It may, however, be clarified that if a person has taken a particular space on rent and thereafter sub lets the same fully or in part for putting up a hoarding, he would be liable to TDS under section 194-I and not under section 1 94C of the Act. Circular: No. 715, dated 8-8-1995.
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Archana
answered
Hie Uma,
- He contract for putting up a hoarding is in the nature of advertising contract and provisions of section 194C would be applicable.
- It may, however, be clarified that if a person has taken a particular space on rent and thereafter sub lets the same fully or in part for putting up a hoarding, he would be liable to TDS under section 194-I and not under section 1 94C of the Act. Circular: No. 715, dated 8-8-1995.
