What TDS Rate Will be Applicable on Data Feeding
This query is : Resolved
Ram Chander
(Querist)
02 September 2009
Dear Sir,
I am an accountant and worked with Digicable Network Pvt. Ltd. Company as a data entry operator. I am worked in store and raised a monthly bill Rs. 19500.00 and mentioned on bill "Being Charges for data feeding for store receipts & issues".
My Yearly Income is Less than 10,00,000.00
I asked only two question regarding this matter.
1. What tds rate will applicable on my bill.
2. What Ledger to be made for booked of Expenses.
Thanks
RAM CHANDER
I am an accountant and worked with Digicable Network Pvt. Ltd. Company as a data entry operator. I am worked in store and raised a monthly bill Rs. 19500.00 and mentioned on bill "Being Charges for data feeding for store receipts & issues".
My Yearly Income is Less than 10,00,000.00
I asked only two question regarding this matter.
1. What tds rate will applicable on my bill.
2. What Ledger to be made for booked of Expenses.
Thanks
RAM CHANDER
chetan soni
(Expert)
02 September 2009
If you have contract & the conditions of data entry is predefine & there are no skills used then it will @ 2.06% u/s 194C. If you uses your skill for data entry then it will amount to professional fees & applicable tds rate will be 10.3% u/s 194J.
About the various expenses ledger,
1. Travelling & Conveyance
2. Telephone Expenses
3. Printing & Stationery
4. Other incidental expenses
About the various expenses ledger,
1. Travelling & Conveyance
2. Telephone Expenses
3. Printing & Stationery
4. Other incidental expenses
Ram Chander
(Querist)
04 September 2009
Other Thinking required
03 August 2025
Hey Ram Chander! Here's the info you need:
1. TDS Rate Applicable on Data Feeding Charges
Since you are providing data feeding (data entry) services, this falls under professional or technical services.
TDS on professional or technical services is generally covered under Section 194J of the Income Tax Act.
The TDS rate under Section 194J is 10% (assuming you have provided your PAN to the company).
Note:
If you do not provide your PAN, TDS will be deducted at a higher rate (20% or as per applicable).
2. Ledger for Booking Expenses
The company should book this expense under something like “Professional Fees” or “Contractual/Outsourced Services” depending on your company’s accounting policies.
Since it's a service rendered (data feeding), it's a service expense and not salary.
Summary:
TDS Rate: 10% under Section 194J (professional/technical services).
Ledger Head: Professional Fees / Contractual Services Expense.
1. TDS Rate Applicable on Data Feeding Charges
Since you are providing data feeding (data entry) services, this falls under professional or technical services.
TDS on professional or technical services is generally covered under Section 194J of the Income Tax Act.
The TDS rate under Section 194J is 10% (assuming you have provided your PAN to the company).
Note:
If you do not provide your PAN, TDS will be deducted at a higher rate (20% or as per applicable).
2. Ledger for Booking Expenses
The company should book this expense under something like “Professional Fees” or “Contractual/Outsourced Services” depending on your company’s accounting policies.
Since it's a service rendered (data feeding), it's a service expense and not salary.
Summary:
TDS Rate: 10% under Section 194J (professional/technical services).
Ledger Head: Professional Fees / Contractual Services Expense.
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