Computer related services

183 views
User Avatar

employee
63 Points Posted on 09 May 2020
our company take services from service provider for data backup, server maintenance, power, sql services internet data we have contract with party for above services so TDS is applicable on above services and which section applicable?
0 Reply Share Follow
On 09 May 2020 at 09:02 Report
Replies (2)
Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) on computer-related services. When a company outsources services such as data backup, server maintenance, power, SQL, and internet data under a contract, TDS is applicable. Section 194C of the Income Tax Act governs these deductions, specifying a rate of 2% for payments made to companies and 1% for payments made to individuals or HUFs, subject to the prescribed threshold limits.

User Avatar

Chartered accountant
290 Points Posted on 09 May 2020
In the case of contract of services , section 194C is applicable and @ 2 % if payment made to company and @ 1% if payment made to individual or HUF is required to be deducted while making payment subject to threshold limit prescribed under section 194C
1 Reply
On 09 May 2020 at 10:46
User Avatar

employee
63 Points Posted on 09 May 2020
Thank you
Reply
On 09 May 2020 at 13:22

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading