04 August 2012
good afternoon sir, we received internet charges bill per month amt. is 16500.with service tax add.sir will i tds deduct in this bill. which section i will deduct tds.194c,194j. some experts says that tds deduct will deduct on 194c while some experts says that tds will deduct on 194i. please clear
04 August 2012
Section 194C is applicable and not section 194J. You will have to see whether the payment in a year exceeds Rs. 75000 or not and TDS will be deducted only if it exceeds Rs. 75000 in a year