There are many sections of TDS which is apply on basis of transaction nature.
Section 194J will applicable when you will take any Professional Services.
According to 194J - If you are paying 30,000/- or more in a financial year then you have to charge 10% TDS.
Section 194C will applicable when you will take any services as contract.
According to 194C - If you are paying 30,000/- or more (Single Invoice) or 1,00,000/- (In a financial year) then you have to charge 1% TDS (In case of Individual/HUF) or 2% (Other than Individual/HUF).
CAclubindia
