Tds

This query is : Resolved 

30 August 2012 Dear Sir,

We are taking service with Naukri.com for Recruitment what % of tds will be deducted ?

Please reply urgent.

Thanks in advance

30 August 2012 IF YOU ARE TAKING REGULAR SERVICE IT IS A NATURE OF CONTRACT ...
YOU HAVE TO DEDUCT TDS U/S 194C.TDS ON CONTRACTOR.
RATE 1% FOR INDIVIDUAL/HUF
OTHER CASE 2% FIRM & CO.

30 August 2012 Dear sir,

Naukri.com is providing service by agreement for rectruitment should it go under tds for professional and tds @ 10%


30 August 2012 READ SEC 194J CLEARLY & ASSURE HIMSELF YOUR SELF...DOES NATURE OF SERVICE RENDERED IS COVERED IN THE DEFINITION OF TECHNICAL & PROFESSIONAL SERVICE..

THEN DEDUCT U/S 194 J...

30 August 2012
Ok sir I am going through SEC 194J.

Thanks for your Guidance.

30 August 2012 OK FOLLOW SAFE SIDE.....


REGARDS..
CA PRAVEEN

30 August 2012

Payments to recruitment agencies are in the nature of payments for services rendered, and hence will be subject to TDS under section 194J of the Act, and not under section 194C of the Act. Circular : No. 715, dated 8-8-1995.

Thanks you.

30 August 2012 TDS U/s 194J as its renderring professional / technical service


31 August 2012 This is professional service US 94J

31 August 2012 Ok sir

Thanks for your co operation.

04 September 2012
194J is Chargeable Section.

07 September 2012 Dear sir,

As per following case study,

"Payments to recruitment agencies are in the nature of payments for services rendered, and hence will be subject to TDS under section 194J of the Act, and not under section 194C of the Act. Circular : No. 715, dated 8-8-1995."

For more information :

http://www.simpletaxindia.net/2010/04/tds-on-professional-technical-services.html





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