TDS on API Platform
This query is : Resolved
18 March 2020
Please clarify the TDS on the following transaction:-
Service Provider (Indian) will provide API Platform to service recipient (Indian) and once the API Integration is done, service recipient customer will be able to repay the loan on multiple channel partner on boarded by service provider. It is a two sided collection platform. This will allow service recipient to get featured as a biller on multiple apps available via service provider, enabling service recipient end user to make loan EMI billers in a flexible manner.
Service recipient shall pay to the Service Partner the service fees. What would be the TDS for this transaction?.
Request you to please explain with Section reference.
Service Provider (Indian) will provide API Platform to service recipient (Indian) and once the API Integration is done, service recipient customer will be able to repay the loan on multiple channel partner on boarded by service provider. It is a two sided collection platform. This will allow service recipient to get featured as a biller on multiple apps available via service provider, enabling service recipient end user to make loan EMI billers in a flexible manner.
Service recipient shall pay to the Service Partner the service fees. What would be the TDS for this transaction?.
Request you to please explain with Section reference.
25 May 2020
TDS under Section 194J @ 10% needs to be deducted if it is exceeding Rs. 30,000/- in time Invoice or Rs. 1,00,000/- yearly aggregate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Rent lease agreement
- Relief u/s Section 89
- REGARDING SECTION 44AE
- GST ON DAMAGED GOODS
- STCG....................................................
- Merchant Export Accounting
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
