11 April 2012
Pvt.Ltd. company is paying 45000+SerTax to a "Reputed Rating Limited Company " for "bank loan rating", should the TDS be deducted or not, if yes at what rate.???? Please guide. Thanks.
11 April 2012
Credit rating service is the professional service within te meaning of professional Service as per Section 194J, Accordingly, TDS will be deducted @10% and that too inclusive of service tax