TDS rate applicable

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ravi (Querist)
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13 January 2011 Dear all,

Please let me know, which tds rate is applicbale on the services of Securiy guard monthly bill.

Thanks
Ravi Kant

Ravikant

Ravikant (Expert)
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13 January 2011 194J Fees for Professional Services as independent bill is issued by the Security agency , deduct TDS of 10% (Exempted upto Rs.30,000)

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ravi

ravi (Querist)
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13 January 2011 Dear Ravi Kant Ji,

Thanks for yours kind reply.

I have checked somewhere else that it comes under 194C. Please confirm.

Thanks

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CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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13 January 2011 It is section 194C , Beacuse it is a labour work.

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Ravikant

Ravikant (Expert)
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13 January 2011 My Mistake,,

ravi

ravi (Querist)
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13 January 2011 Dear Shailesh ji,

thank you very much.

i want to clear one more thing, please tell me onwards 01-July-2010 there is thershold limit is Rs.30,000/- and for complete year aggregate limit is Rs.75000/- for tds. Does it applicable on this service also. The total amount for this service at the end of FY will be Rs.63936/-. So is there need to deduct tds on this bill or not. Please help me.