TDS on Equity Research Activity
This query is : Resolved
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.
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.
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)
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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