4 Replies
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 14 August 2019
There are many sections of TDS which is apply on basis of transaction nature.
Section 194J will applicable when you will take any Professional Services.
According to 194J - If you are paying 30,000/- or more in a financial year then you have to charge 10% TDS.
Section 194C will applicable when you will take any services as contract.
According to 194C - If you are paying 30,000/- or more (Single Invoice) or 1,00,000/- (In a financial year) then you have to charge 1% TDS (In case of Individual/HUF) or 2% (Other than Individual/HUF).
Mohanraj J
(1178 Points)
Replied 14 August 2019
First Look
(19 Points)
Replied 15 August 2019
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