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