TDS ON ROAD SIDE ASSISTANCE

This query is : Resolved 

31 January 2023 WHAT PROVISION OF TDS IS APPLICABLE IN CASE ROAD SIDE ASSISTANCE PROVIDED BY THIRD PARTY TO DEALER OF BIKES AND CARS.

31 January 2023 Under sec. 194Ja of the act, at 2% rate for ‘fees for technical services.’

31 January 2023 SIR CAN YOU EXPLAIN MORE


31 January 2023 As per income tax rules, ‘fees for technical services’ means managerial, technical, and consultancy services by the recipient of such income.
One can define technical services as providing services that involve technical expertise or expertise in technology.
The scope of managerial services can be defined as running and management of the business of the client.
Consultancy services can be understood as advisory services wherein necessary advice and consultation are given to the clients for their business.



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