TDS on POrtal Charges


This query is : Resolved 

02 April 2009 Client is paying annual charges to Monster India to access their portal and database.

Whether TDS is applicable at what rate?

03 April 2009 TDS is applicable.

Since this a contract for a certain period, it will fall under 194C and to deduct tds as per contracts - 2% plus applicable surcharge and education cess.


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