Needs to account the TDS either 2% or 10%
This query is : Resolved
Quick Summary
18 September 2023
Dear Experts,
1 The company is availing the service for tally software maintenance service from the service provider.
2 The query :
Whether this service can be classified as either professional services or technical services.
Whether the company needs to account the TDS either 2% or 10%
How can we differentiate the technical service from the professional service in this case
3 pls clarify
1 The company is availing the service for tally software maintenance service from the service provider.
2 The query :
Whether this service can be classified as either professional services or technical services.
Whether the company needs to account the TDS either 2% or 10%
How can we differentiate the technical service from the professional service in this case
3 pls clarify
CA R SEETHARAMAN
(Expert)
18 September 2023
This is professional service as it's software service.
Technical service is repair of machinery.
Technical service is repair of machinery.
18 September 2023
2% TDS applicable for this kind of service. The Software seller/service is intermediary of business...
19 September 2023
Thank you both of you Sirs,
please direct me whether it has to be deducted wiht either at 2% or 10%.
please direct me whether it has to be deducted wiht either at 2% or 10%.
CA R SEETHARAMAN
(Expert)
19 September 2023
The deductor must deduct TDS on AMC Charges (Annual Maintenance Charges) at the rate of 1% or 2% (as applicable) under Section 194C of the Income Tax Act,
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