Pvt.Ltd. company is paying 45000+SerTax to a "Reputed Rating Limited Company " for "bank loan rating", should the TDS be deducted or not, if yes at what rate.????
Please guide.
Thanks.
8 Replies
banke bihari jha
(artilcle clerk)
(81 Points)
Replied 11 April 2012
i think that it should be fall under section 194J and hence 10% is deductible on total bill amount.
kavitha
(studying final)
(830 Points)
Replied 11 April 2012
circular F no. 275/73/2007IT(B) dated 30-06-2008 according this circular we have to deduct tds u/s 194 j on gross amount (including service tax) @ 10% as limit crossed(30000) as par as i know this is correct
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 11 April 2012
10% U/s 194J on the total amount including S.Tax
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 11 April 2012
YES AGREE WITH ABOVE..
IT IS A TECHNICAL SERVICE...SO TDS IS TI DEDUCTED U/S 194J @ 10%
Manoj
(Article Trainee)
(602 Points)
Replied 11 April 2012
yes! TDS is deductible if the payment made exceeds Rs 30000 and further it shall be deducted on gross amount i.e amount inclusive of service tax!
Arihant
(Business)
(207 Points)
Replied 11 April 2012
TDS will be deducted on amount inclusive of service tax u/s 194J @ 10%
renu rinku
(Accountant)
(106 Points)
Replied 19 November 2012
YES TDS DEDUCT UP TO 30000/- RAISED SINGLE INVOICE @ 10%
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