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Tds rate

R Chakkarabani (Senior Associate) (51 Points)

06 September 2012  

I have received some of services from my parent company ( From spain) like training, and techincal services, for that they are charging us querterly basis some service invoices.  

We dont have any agreement for this services.

Earlier i deducted 20% of tds, now we got the pan number i am going to deduct tds at the rate 10%

Is this correct?

 

Please help me in this regards

 


 3 Replies

DAYANANDA K N (ACCOUNTS EXCECUTIVE) (575 Points)
Replied 06 September 2012

Yes training and technical service falls under 194J and attracts TDS rate of 10%.

Regards

Dayananda

 

1 Like

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 06 September 2012

Originally posted by : DAYANANDA K N

Yes training and technical service falls under 194J and attracts TDS rate of 10%.

Regards

Dayananda

 

agree....

Manjunatha M K (Manager - Accounts) (318 Points)
Replied 06 September 2012

10% TDS in correct but not as per Sec 194J

It is : Rate given in Sec 115A or Rate as Per DTAA whichever is beneficial to the assessee.


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