Tds on recruitment charges
Rajeshwari (Assisstant Accountant) (40 Points)
19 July 2016Rajeshwari (Assisstant Accountant) (40 Points)
19 July 2016
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 19 July 2016
Professional charges u/s 194J @ 10% if the amount exceeds 30,000
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 19 July 2016
Rajeshwari
(Assisstant Accountant)
(40 Points)
Replied 19 July 2016
Thank you so much for the quick reply, will be any difference in % of tds if we have recruitment agreement for the same.
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 19 July 2016
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 19 July 2016
If one goes by circular no.715 dated 8-8-1995 (question no.12), 194J would be applicable (not 194C)
https://www.incometaxindia.gov.in/Communications/Circular/910110000000000611.htm
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 21 July 2016
recuit,ement goes at par with security services (manpower concept), where the TDS is being deducted under 194 C only. So there is no question of 194 J here. One more thing is the agency not providing any professional service, so 194 J, is ruled out.