services of security guard - professional or not??
This query is : Resolved
17 September 2010
hello every one,
one of our client deducts tds on payment to owner of security services(security guards)at10% instead of deducting at 2%(payee is company) as he is a contractor.
accountant says that their services is of professioanl nature and therefore 10% rate.
plz. clarify, if possible provide me with case laws.
Thanks in advance.
one of our client deducts tds on payment to owner of security services(security guards)at10% instead of deducting at 2%(payee is company) as he is a contractor.
accountant says that their services is of professioanl nature and therefore 10% rate.
plz. clarify, if possible provide me with case laws.
Thanks in advance.
18 September 2010
Hi Abhishek,
Security Charges is in the nature of Contract between the parties.
TDS shall be deducted u/s 194C @ 1%/2% depending upon the status of the payee.
Regards
P
Security Charges is in the nature of Contract between the parties.
TDS shall be deducted u/s 194C @ 1%/2% depending upon the status of the payee.
Regards
P
18 September 2010
deduction should be u/s 194 C @ 1%/2% as the case may be.
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