Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

TDS

Save Share

This query is : Resolved

ashok shukla (Querist)
Follow

07 December 2019 Dear Sir,
Please suggest, we have received one Tax Invoice from our customer with SAC 9997 "Other miscellaneous service- Budgetary support,
is there TDS liability if ys pl share rate with section

regards
ashok

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN

(Expert)
Follow

07 December 2019 The liability of TDS deduction and classification of service, applicability of % of ax percentage is to be made as per the provisions of Income Tax Act 1961. To decide the nature of services for TDS , we have to know the activities carried out the consultant. Then only we can tell whether it is professional service or will cover under contract services

ashok shukla

ashok shukla (Querist)
Follow

07 December 2019 we are getting GST refund @29% from IGST from department as per policy 50/2003 (UTTRAKHAND) and same % our costumer are calming thru Tax invoice.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now