TDS on Equity Research Activity

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This query is : Resolved

Hemant Jain (Querist)
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15 December 2009 Dear Friends,
What if any person is under Equity Research Activity, & he charges to his client, fees which includes Service tax. Then are his Clients liable to deduct TDS on the same ?
If yes, then under what section...?
Equity research activity is simply restricted to giving an weekly or fortnightly advice related to market.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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03 January 2010 Tax Deduction by the client, if they are liable to deduct tax, will be made U/s 194J.
Following points must be taken care of-
1. Aggregate Fee is more than 20000
2. Clients who require to deduct TDS:
Any person
except (an Individual or an HUF who is not covered under tax audit)

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