TDS on payment to Job Portal?

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Self Employed
125 Points Joined November 2008

I am an individual doing business of manpower recruitments. I have taken the subscripttion of Naukri.com for one year recently. For FY 2008-09 I have also undergone tax audit under section 44AB. My question is -

1. Am I liable to deduct TDS on the payment to Naukri.com. The amount of payment is about Rs. 85,000 (two installments of Rs. 60,000 & 25,000)

2. If yes, under what section TDS has to be deducted for such services?

3 What is the meaning of "use for personal purpose"?

Your reply is deeply apprecated.

Regards

Sandeep

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On 09 October 2009 at 12:07 Report
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MBA (Finance) B.Com.(P)
3443 Points Joined March 2007

hi, as a individual one need not to deduct TDS but since you are in business and payment is above 20k.

you need to deduct TDS U/s 194c

 

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On 12 October 2009 at 13:45
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Finance
40 Points Joined October 2007

Hi,

You need Deduct U/s 194J @ 10%.

 

Thanks,

Nageswara Rao

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On 20 October 2009 at 17:17
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Finance
40 Points Joined October 2007
Originally posted by :nageswara rao
" Hi,
You need to Deduct U/s 194J @ 10%.
 
Thanks,
Nageswara Rao		 "


 

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On 20 October 2009 at 17:22


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