TDS rate on Employement Agency and Rating agency
This query is : Resolved
06 January 2025
what is TDS rate on employment news and Rating agency Like Crisil.
06 January 2025
For employment news 2% TDS under section 194c applicable.
For rating agency 2% TDS applicable under 194JA.
For rating agency 2% TDS applicable under 194JA.
08 January 2025
CRISIL's service cannot be categorically defined under technical services. It is best to adopt 194JB @ 10% if payment/credit exceeds Rs 30,000 in a year.
02 December 2025
TDS on payments to an employment-news agency is generally deducted at 2% under Section 194C because it is treated as a contractual/advertising service. For rating agencies like CRISIL, the TDS rate depends on the nature of service; most companies deduct 2% under Section 194J (technical services), while some apply 10% under Section 194J (professional services) if the service is considered consultancy or professional in nature. The exact rate depends on the specific contract and type of service provided.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Transporter Declaration form
- Annual return in Gst
- Before GSTAT- APL-02 Vs APL-04
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
