Tds 194 j or 194 i

This query is : Resolved

Priya (Querist)
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27 December 2011 Hi,

Whether TDS to be deducted under Sec 194 J or 194 I with reference to the payment made to Bloobberg for subscription of Database.

Whether Subsription Comes under the definition of Technical Services or It is like renting of Equipment.

Thanks in advance

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 December 2011 Rent u/s. 194I is defined renting of land & building & renting of equipments. Subscription of date base not coming under Rent, but nature of services not clear in your query. what subscription, in case technical works involved covered under 194J

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 December 2011 Agreed with Mr. Ramesh. However, database access charges for naukri.com or Monster.com etc comes under section 194J.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 December 2011 Naukri's database charges attract sec 194J being consultancy service.In the given case both section 194C OR 194J can be applied? please mention the exact nature of service received.

Priya

Priya (Querist)
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28 December 2011 It is the database received from Bloomberg technologies for accessing the mmarket