TAX DEDUCTION AT SOURCE.
This query is : Resolved
04 November 2008
Our client has been paying Rs 10,000 pm to M/s Vimta labs towards testing of its raw materials.At what rate should TDS be deducted??
S.Srinivasaraghavan
(Expert)
04 November 2008
194C.
04 November 2008
It may not be a Professioanl service, but a contractual service. Therefore 194C where it is just 1% whereas 194J will 10% which is very harsh.
S.Srinivasaraghavan
(Expert)
04 November 2008
I do not recommend that the section be determined based on rates. It is based on the nature of work concerned. The question was merely testing of material. whether it was professional nature or not you will have to say. If you think it is professional in nature go ahead and pay accordingly.
04 November 2008
I was just clarifying dat 194 rate is 2% and not 1% which u stated earlier.
Ram Avtar Singh
(Expert)
04 November 2008
its a techinal service TDs rate applicable 10.30%
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