Online portal access service

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726 Points Joined August 2018
On line portal access service taken for 6 month period , for import - export client finding purpose . The vendor raised his invoice for Rs.1 lac including GST.

So on line portal ( Party App ) service is , tds applicable , if yes , then which section
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On 26 September 2024 at 16:22 Report
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Master in Accounts & high court Advocate
9434 Points Joined December 2011

Yes, TDS (Tax Deducted at Source) is applicable on the payment made to the vendor for the online portal access service. The TDS rate will depend on the nature of the service and the vendor's status (individual, company, etc.). Assuming the vendor is a company, the TDS rate would be 10% as per Section 194J of the Income-tax Act, 1961. Section 194J applies to "Fees for technical services" which includes online portal access services. So, the TDS amount would be: Rs. 1,00,000 (invoice value) x 10% = Rs. 10,000 You, as the buyer, would need to deduct Rs. 10,000 as TDS and pay the balance amount to the

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On 27 September 2024 at 14:13
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726 Points Joined August 2018
Ok, Thanks
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On 28 September 2024 at 11:47


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