Dear Experts
Party will provide a link and/or deliver database electronically which the receiver company will use by trying to procure prospective work orders after contacting the contacts in data base.
Will the payment by receiver company to service provider/supplier liable to tds under income tax law? If so under which section.
Regards,
U/s. 194J of IT act... in case of resident company.
Thanks Sir for your valued feedback.
But where is the exercise of skill or professional expertise here so as to qualify for deduction under section 194J.
Regards,
Data base under contract is a technical service. i.e TDS u/s. 194Ja of IT act.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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