Nature of payment made to naukri.com for services?
This query is : Resolved
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.
Also, will any TDS be liable to be deducted?
Please reply.
24 September 2013
Hi
Please confirm....
You are taking service on contract basis or otherwise.
Hi
Please confirm....
You are taking service on contract basis or otherwise.
24 September 2013
Sir, there are two assessee companies.
One has made payment on contract basis.
2nd company has made payment just otherwise.
One has made payment on contract basis.
2nd company has made payment just otherwise.
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.
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.
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
