we have taken managed network services
sac code is 998316 & 998414
we deduct TDS on 10%
its correct or not.
It's a technical service so that 2% TDS should be deducted.
CA Garima
(Assistant Manager)
(113 Points)
Replied 11 May 2020
It's a technical service so that 2% TDS should be deducted.
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 11 May 2020
Yes, the service will be categorised as technical services.
Form 01.04.2020, TDS @ 2% to be deducted on technical services and @ 10% on professional services.
Piali Roy Chowdhury
(605 Points)
Replied 11 May 2020
ABHISHEK SURANA
(27 Points)
Replied 13 May 2020
Ujjal Sengupta
(2 Points)
Replied 24 September 2021
For Facebook India & Zoom India (ZVC India Pvt. Ltd.) also 2% TDS will be deducted?, but in case they are deducting directly from Credit Card of a Company, then how TDS will be deducted? because there is no scope of deduction of TDS at the time of payment through a Credit Card.
Please help...
Sumit Jain
(2 Points)
Replied 11 October 2021
Dear Ujjal,
you have to deposit the TDS on behalf of Facebook & zoom India after that please claim that TDS Reimbursement from Facebook & zoom India via submitting the form 16 to them
Call me if you required further assistance
Regards
Sumit Jain
rajeev tiwari
(accountant)
(22 Points)
Replied 01 November 2021
Sir , here we are discussing about TDS not GST
Prajjwal
(*)
(402 Points)
Replied 03 January 2023
TDS rates applicable under Section 194J is as follows:
No surcharge, education cess or SHEC shall be added to the above rates. Hence, tax will be deducted at source at the basic rates. Moreover, the rate of TDS will be 20% if PAN is failed to be quoted.
Ayush
(Executive )
(6232 Points)
Replied 31 May 2023
2% TDS will be applicable if it's a technical service
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