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Tds under sec 194 j or 194 c

TDS 649 views 1 replies

My client paid project finance charges to a pvt company . The doubt which arises here is that company is not group of professional . I mean there is no ca, cs or cfa. The payment is through bank of Rs 90000. Whether tds is required to be deducted under 194 j or 194c ???

Replies (1)
SEC 194J is applicable for rendering professional and technical services but it does not mean that service provider should be ca, cs, cfa or cwa. If payment is made to a pvt company for project financing, tax needs to be deducted u/s 194j as it is a kind of consultancy service (consultancy for project financing). Hope it helps


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