29 June 2016
i am taking professional service for my business from x party and i have contract with them for the same.so under what section should i deduct tds?194c or 194j?.
please guide me..
30 June 2016
You have to deduct TDS U/S 194J if amount paid for notified professional services like legal, accountancy, engineering, technical consultancy etc. If payer is Individual or HUF then he is required to deduct only if in last year his account were audited under tax audit.
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