TDS on mail hoisting services from Indian company
This query is : Resolved
25 January 2024
Sir/Madam - What will be tds rate for Mail Hoisting Services provided by Indian company.
11 July 2024
The TDS (Tax Deducted at Source) rate applicable to payments made to an Indian company for Mail Hosting Services would generally be 2% under Section 194C of the Income Tax Act, 1961. This section deals with payments to contractors and sub-contractors for services rendered.
Here’s a breakdown of the TDS rate and section:
- **Section 194C**: This section covers payments to contractors and sub-contractors for work contracts including services rendered.
- **TDS Rate**: For payments made to resident contractors (which would include Indian companies), the TDS rate is 2% if the payee has furnished their PAN (Permanent Account Number) to the deductor (the payer).
Therefore, if an Indian company is providing Mail Hosting Services and payments exceed the threshold limits specified under the Income Tax Act (currently ₹30,000 for single payments and ₹1,00,000 aggregate in a financial year), TDS would need to be deducted at a rate of 2% before making the payment to the service provider.
Here’s a breakdown of the TDS rate and section:
- **Section 194C**: This section covers payments to contractors and sub-contractors for work contracts including services rendered.
- **TDS Rate**: For payments made to resident contractors (which would include Indian companies), the TDS rate is 2% if the payee has furnished their PAN (Permanent Account Number) to the deductor (the payer).
Therefore, if an Indian company is providing Mail Hosting Services and payments exceed the threshold limits specified under the Income Tax Act (currently ₹30,000 for single payments and ₹1,00,000 aggregate in a financial year), TDS would need to be deducted at a rate of 2% before making the payment to the service provider.
11 July 2024
The TDS (Tax Deducted at Source) rate applicable to payments made to an Indian company for Mail Hosting Services would generally be 2% under Section 194C of the Income Tax Act, 1961. This section deals with payments to contractors and sub-contractors for services rendered.
Here’s a breakdown of the TDS rate and section:
- **Section 194C**: This section covers payments to contractors and sub-contractors for work contracts including services rendered.
- **TDS Rate**: For payments made to resident contractors (which would include Indian companies), the TDS rate is 2% if the payee has furnished their PAN (Permanent Account Number) to the deductor (the payer).
Therefore, if an Indian company is providing Mail Hosting Services and payments exceed the threshold limits specified under the Income Tax Act (currently ₹30,000 for single payments and ₹1,00,000 aggregate in a financial year), TDS would need to be deducted at a rate of 2% before making the payment to the service provider.
Here’s a breakdown of the TDS rate and section:
- **Section 194C**: This section covers payments to contractors and sub-contractors for work contracts including services rendered.
- **TDS Rate**: For payments made to resident contractors (which would include Indian companies), the TDS rate is 2% if the payee has furnished their PAN (Permanent Account Number) to the deductor (the payer).
Therefore, if an Indian company is providing Mail Hosting Services and payments exceed the threshold limits specified under the Income Tax Act (currently ₹30,000 for single payments and ₹1,00,000 aggregate in a financial year), TDS would need to be deducted at a rate of 2% before making the payment to the service provider.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
