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TDS on security services


Payment to security agencies for poviding security guards will be subject to TDS u/s.

194C or  194J ?  


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(Guest)

It will be covered u/s 194C only as it is contractual in nature and it is concerned with supply of manpower.

 
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Contract for carrying out any work includes service contract. Provision of security service is a service contract and covered under 194C.


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Account Executive


Yes it is taxable u/s 194 C

 
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what is the rate for the above case

 
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Chartered Accountant


Security service is covered under 194C and te applicable rate is 2.06% for firms / companies where total payment is upto Rs.1crore and 2.266% where total payment exceeds Rs.1 crore

 
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(Guest)

Originally posted by :s kumar
" Payment to security agencies for poviding security guards will be subject to TDS u/s.
194C or  194J ?  
"


 

 
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Chartered Accountant


194 C


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Ya,it's covered under 194C and the applicable rate is 2.06% (2%TDS+2%EC+1%S&HEC)where total payment is upto Rs.1crore and 2.266% (2%TDS+10%surcharge + 2%EC+1%S&HEC) where total payment exceeds Rs.1 crore.

 

 
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Current rate is 1% for prop. huf.....2% for others

 
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