30 April 2015
we have one company who is in business of textile & they are exporting ready made garments. we have to make payment for Testing charges of fabric to hongkong company.we have already paid TDS @27.0375(25%TDS+5%SC on TDS+ 3% EC on TDS& SC). now while preparing TDS return for 4 th quarter when we are selecting nature of payment as Testing charges following message is coming AS per latest FVU & Data Structure, only following items allowed in Nature of payment 1.COMMISSION 2.DIVIDEND 3.FEES FOR TECHNICAL SERVICES/FEES FRO INCLUDED SERVICES 4.INTEREST PAYMENT 5.INVESTMENT INCOME 6.LONG TERM CAPITAL GAINS 7.PAYMENT TO SPORT PERSONS & ARTISTS 8.ROYALTY 9.SHORT TERM CAPITAL GAINS 10.WINNING FROM HORSE RACES 11.WINNING FROM LOTTERIES,CROSSWORDS PUZZLES,CARD GAMES AND OTHER GAMES OF ANY SORT 12.OTHER INCOME/OTHER(NOT IN NATURE OF INCOME)
we are paying for Testing charges. now for Filling form 27Q what should i take for testing charges. which head i need to choose from the following head? Please give me opinion .
CAclubindia
