Tds deduction
This query is : Resolved
03 February 2012
Dear Expert,
We are paying as a Testing Charges to Party , so any TDS deduction will be applicable if applicable then under which section & at wht. % ?
Thanks in advance........
We are paying as a Testing Charges to Party , so any TDS deduction will be applicable if applicable then under which section & at wht. % ?
Thanks in advance........
03 February 2012
It is professional fee so as per section 194J tds would be deduct @10% if pan no available otherwise 20%. If the payment made on contract basis then as per section 194C tds would be deduct @2% if pan no available otherwise 20%.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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03 February 2012
Thank You very much.
OM SAI SRI SAI JAI SAI
OM SAI SRI SAI JAI SAI
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