TDS - 194J
This query is : Resolved
01 June 2020
Dear All,
Greeting for the day...!
I have a received a invoice where the description is professional charges for consultancy services as per my understanding he is providing consultancy services however the the description of invoice says professional charges therefore i have confusion that in new notification what rate of tds should i deduct 7.5% for professional charges or 1.5% for technical services as technical services includes consultancy service as per sec 9 (1)(vii) of income tax .
Hence, requesting you kindly guide me in this regard,
Thank you ,
Regards,
Pankaj jena
Greeting for the day...!
I have a received a invoice where the description is professional charges for consultancy services as per my understanding he is providing consultancy services however the the description of invoice says professional charges therefore i have confusion that in new notification what rate of tds should i deduct 7.5% for professional charges or 1.5% for technical services as technical services includes consultancy service as per sec 9 (1)(vii) of income tax .
Hence, requesting you kindly guide me in this regard,
Thank you ,
Regards,
Pankaj jena
01 June 2020
Deduct 7.50% as it's mentioned in the invoice as professional charges.
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