Rate of TDS for customized software.
We have a customized webbase software and maintained by a IT company. They recently developed some segment of that software and placed a bill Rs 70000 + IGT 18%. Now, whether we should deduct TDS U/S 194 C 2% or 194 J 10%?
Replies (3)
Quick Summary
10% as it is a professional service
Thank You sir
TDS at 10% under 194J as payment for technical services.
The TDS rate is proposed to be reduced to 2% from 10% for payment towards technical services under 194J ( as in Budget 2020)
Will become effective most likely from 1st June 2020 onwards.
The TDS rate is proposed to be reduced to 2% from 10% for payment towards technical services under 194J ( as in Budget 2020)
Will become effective most likely from 1st June 2020 onwards.
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