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Tds on Bank Loan Rating

TDS 1696 views 8 replies

Pvt.Ltd. company is paying 45000+SerTax to a "Reputed Rating Limited Company "  for  "bank loan rating", should the TDS be deducted or not, if yes at what rate.????

Please guide.

Thanks.

Replies (8)

i think that it should be fall under section 194J and hence 10% is deductible on total bill amount.

circular F no. 275/73/2007IT(B) dated 30-06-2008 according this circular we have to deduct tds u/s 194 j on gross amount (including service tax) @ 10% as limit crossed(30000) as par as i know this is correct

aggree with above

10% U/s 194J on the total amount including S.Tax

YES AGREE WITH ABOVE..

IT IS A TECHNICAL SERVICE...SO TDS IS TI DEDUCTED U/S 194J @ 10%

yes! TDS is deductible if the payment made exceeds Rs 30000 and further it shall be deducted on gross amount i.e amount inclusive of service tax!

TDS will be deducted on amount inclusive of service tax u/s 194J @ 10%

YES TDS DEDUCT UP TO 30000/- RAISED SINGLE INVOICE @ 10%


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