20 December 2015
Hello sir,we all know that tds for contract is 1 or 2% and for proffessionals i.e.194j is 10% so :i want to know that what us the reason that there is such a big difference between two rates?
20 December 2015
In contract material and labour expenses are there and the profit will be around 10% whereas in professional income no such huge expenses are involved and income is more when compared to total receipts. That is why TDS rate is more for professionals.
CAclubindia
