TDS on HSN code 998313
This query is : Resolved
Quick Summary
01 February 2025
I am an IT dealer. I have bougth IT services under HSN code 998313 and sold the same to a customer. Am i required to deduct TDS on the above purchase?
CA R SEETHARAMAN
(Expert)
02 February 2025
TDS to be deducted under Section 194JB is generally 10% for professional fees, technical fees, and royalty payments.
03 February 2025
Sir can you clarify if in this case i as a trader of the service is required to pay TDS?
CA R SEETHARAMAN
(Expert)
03 February 2025
Yes, as you make payment to the professional exceeding Rs 30,000.
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