TDS


This query is : Resolved 

Quick Summary
This discussion clarifies the correct TDS section for consultancy services valued at £1,200,000. The consensus is that consultation services are considered professional services. Therefore, TDS should be deducted under Section 194J at a rate of 10%.

07 May 2020 Dear Sir,

We have received a consultancy service of 1200000 by contract, where we will deduct tds for this service under 194c or 194J.

07 May 2020 Consultation service falls under professional service tds applicable 10% u/s 194J

08 May 2020 Its fall under 194J - 10%


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