Nature of payment made to naukri.com for services?

This query is : Resolved

Sushant Mahajan (Querist)
Follow

24 September 2013 What will be the nature of payment made to Naukri.com for taking its services to hire staff?

Also, will any TDS be liable to be deducted?

Please reply.

Ajay Mishra

Ajay Mishra (Expert)
Follow

24 September 2013 Hi

Please confirm....

You are taking service on contract basis or otherwise.

Sushant Mahajan

Sushant Mahajan (Querist)
Follow

24 September 2013 Sir, there are two assessee companies.

One has made payment on contract basis.

2nd company has made payment just otherwise.

Ajay Mishra

Ajay Mishra (Expert)
Follow

24 September 2013
I know, then I ask you question in this regards:

As you know that when one company make payment on contract basis, then it will deduct as par section 194C of the IT Act, 1961.

In case of second company unless it not defined the nature of payment it can not deduct TDS.

Ajay Mishra

Ajay Mishra (Expert)
Follow

24 September 2013
Hi

Generally when you are taking services from other company, whether on contractual basis then you have made some agreement and in which you have made payment terms which are subject to applicable TDS or not. If the agreement is silent about it then you will pay the amount of tax as mutual consent with parties, like you can do barter deal etc to escape the tax.

If the contract of service is mentioning the TDS provisions then you will make payment to naukri.com on deduction of tax as per section 194C of the Income Tax Act, 1961.

Message likes : 1 times

Sushant Mahajan

Sushant Mahajan (Querist)
Follow

25 September 2013 Sir

If there is no contract then TDS will be deducted under advertisement right?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R.Prashanth

Swarna Gurumurthy

seshachary

rajeev koolwal

Prashant Kotecha

Subscribe Now

Nature of payment made to naukri.com for services?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Article Assistant

GST CONSULTANCY

CA Final