Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2012 Our company has made an advance payment of Rs. 1,00,000.00 to web designing company to design our company's website.
Do we have to deduct TDS on the amount and if we have to, then under which section?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 September 2012 Yes you are required to deduct TDS u/s 194J @ 10%

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CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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18 September 2012 Yes you have to deduct TDS because the Website would be customised as per Company's specifications, therefore would be regarded as Professional Fees

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