tds
This query is : Resolved
ketan L Kamdar
(Querist)
04 July 2011
hello friends
i have accounting firm.i am providing accounting services to my various clients. can i take this fees from clients as contract so my tds will be @1%. instead of 10% as a professional charges.
please help me.
i have accounting firm.i am providing accounting services to my various clients. can i take this fees from clients as contract so my tds will be @1%. instead of 10% as a professional charges.
please help me.
CA Navin Jain
(Expert)
04 July 2011
you cannot do that, tds would be applicable @ 10%
ketan L Kamdar
(Querist)
04 July 2011
sir can you please explain me why i can not take accounting work as a contract ?
CA Navin Jain
(Expert)
04 July 2011
accounting work come under the technical work and technical work s come under sec 194j
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CA Navin Jain
(Expert)
04 July 2011
technical services would include services by a human and in your case all services would be provided by human
ketan L Kamdar
(Querist)
04 July 2011
ok thanks. one more question. if i am providing man power for accounting work at my client site its also covered under 194j.
CA Navin Jain
(Expert)
04 July 2011
yes it will be covered u/s 194j
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ketan L Kamdar
(Querist)
04 July 2011
thanks alot
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