Tds on service charges

Hi Freinds,

I have a query on the TDS deduction.

For e.g.

I am running a proprietory consulting firm rendering services to clients. My clients are deducting 10% TDS on my fee.

Sometimes, i send other consultants to work for clients on my behalf. And i have an agreement between me & consultant.

Now the question is whether:

1) should I deduct TDS on the fee of theconsultant or not

2) If yes, what is the percentage of TDS 2% (contract) or 10% (professional)

Many thanks,

Sunil Kumar

 

 

 

 

 

 

 

 

Replies (2)

consultency come under professional service ,you have to deduct TDS @ 10% for safer side,

Originally posted by : valji

consultency come under professional service ,you have to deduct TDS @ 10% for safer side,


if you have contract then you should deduct TDS at 2% as per section 194 C and in other case as the case may be

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