Tds deduction
This query is : Resolved
20 January 2015
if a PAN no having its 4th number is "P",it means PAN belongs to an Individual, suppose this individual using his PAN for his business (testing center), what will be the tds % is it 1% or 2%?
20 January 2015
wat is the business ? wat is transaction and whther he was liable to tax audit in previous year 2013 -14.
20 January 2015
having technical testing centre, he was liable last year not sure, he will conduct technical interview on behalf of us, will charge, so we have an verbal contract with him.
he is running a firm in the name of weld care , using his personnel PAN.
he is running a firm in the name of weld care , using his personnel PAN.
20 January 2015
if he was liable in last year then tds is applicable in this case/.
20 January 2015
sec 194J is applicable as he is providing technical help and 10% is applicable.
20 January 2015
thank you...
they are charging like below,
Rs.5000 for interview cost and
Rs.15000 for technical testing cost, here Rs.15000 will attact 10% tds undr 94J, and Rs.5000 tds need to deduct under 94C, so my question is that, is tds is 1% or 2% (his personnel PAN using for his firm's business), i thing now u get my query well.
they are charging like below,
Rs.5000 for interview cost and
Rs.15000 for technical testing cost, here Rs.15000 will attact 10% tds undr 94J, and Rs.5000 tds need to deduct under 94C, so my question is that, is tds is 1% or 2% (his personnel PAN using for his firm's business), i thing now u get my query well.
20 January 2015
if they are not ind or huf then 2% else 1%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
