services of security guard - professional or not??
This query is : Resolved
CA Abhishek Singh
(Querist)
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.
Praveen Sharma
(Expert)
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
CMA Arif Farooqui
(Expert)
18 September 2010
deduction should be u/s 194 C @ 1%/2% as the case may be.
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