TDS rate on Electronic Clearing System (ECS) facility
This query is : Resolved
Yogesh Modi
(Querist)
21 May 2009
One of our Vendor is Providing the software & facility for Electronic Clearing System (ECS) facilty for directly debiting the customer's account for Loan EMI from their a/c. Whther we should deduct TDS u/s 194C or 194J from Vendor's payment.
Please advice.
Please advice.
CA Tilak Raj Sharma
(Expert)
21 May 2009
if this is a machine on rent then u/s 194J otherwise 194C.
Yogesh Modi
(Querist)
21 May 2009
No the vendor is doing the whole ECS activity for us.
CA. VIKAS GUPTA
(Expert)
22 May 2009
Hi,
in this case, TDS should be deducted U/s 194J since vandor has provided technical service.
in this case, TDS should be deducted U/s 194J since vandor has provided technical service.
Yogesh Modi
(Querist)
28 May 2009
Thanks a lot
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