TDS on contract payments revised for advertising and other works; firms included and definition of work expanded. Amendment revises withholding obligations by introducing firms as liable payees, prescribing a lower deduction rate for advertising and a separate rate ... Summary
TDS on contract payments revised for advertising and other works; firms included and definition of work expanded.
Amendment revises withholding obligations by introducing firms as liable payees, prescribing a lower deduction rate for advertising and a separate rate for other works, expanding the definition of "work" to include advertising, broadcasting and telecasting (including production), carriage excluding railways, and catering, and raising the monetary threshold that governs applicability under a specified clause.
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