I am working in 1 placement agencies as an accountant, most of the customers are deducting TDS on our bill @ 2% and most of the deducting @ 10%. So please give me the details of circulars and all other details of deduction of TDS Section on placement agencies
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.