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TDS rate on Software Services Individual/Company

CRR RR (41 Points)

14 January 2025

Hi Sir

A Company is receiving Software Services from a Individual and from a Comany

Could you please provide TDS Rate applicable to Individual and Company while Payment or giving credit

Please advise

Thanks

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1 Replies

VARTIKA KESHRI (8 Points)
Replied 15 January 2025

Receiving Software Services from an Individual and from a Company is altogether a technical services receipt, which shall come under 194J , rate is 10% . In any case the recipient is making a contract for regular service then can be stated as under 194C. For Individual/HUF the Rate is 1% and for others its 2%.