Is Physical stock verification a Professional or technical services?

Dear Sir,

Is Physical stock verification a Professional or technical services?

Reason for asking the question because TDS on professional services is 10% and that on technical services is 2% under same section 194J.

Best regards,

SACHIN A.

 

 

Replies (3)
Quick Summary
This discussion explores whether physical stock verification falls under professional or technical services. The key distinction lies in who performs the verification, impacting the TDS rate under Section 194J. If conducted by a Chartered Accountant, it's generally considered professional (10% TDS), while if done by a B.Com/MBA graduate, it may be classified as technical (2% TDS).

If a CA does it, it becomes professional

if a b.com/mba does it, it becomes technical

It is a professional services.

TDS under section 194J will be applicable
Depends on who does the job. i agree with yasaswi gomes

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