Dear All,
What will be TDS rate on payment of Professional fees to US based Institution...?? one of our client has deducted TDS u/s194J. is it right..??? how will i show the deductee entry in TDS software(Spectrum).
Thanks
tanvi (Student CA Final ) (28 Points)
09 January 2014Dear All,
What will be TDS rate on payment of Professional fees to US based Institution...?? one of our client has deducted TDS u/s194J. is it right..??? how will i show the deductee entry in TDS software(Spectrum).
Thanks
tanvi
(Student CA Final )
(28 Points)
Replied 09 January 2014
But sir Client is U.S. Institution means N.R., does it make any effect?? and why Sec.195 is not applicable??
Jeetendra Goyal
(Student CA Final )
(175 Points)
Replied 09 January 2014
sry..... sec 195 is applicable here...... if ur client is company then tds rate education cess of 3% and surcharge of 2% ( if payment made dring the fy exceeds 1 cr)....... here tds will be deducted at the rate on income tax chargable to payee for that transaction.....
Jeetendra Goyal
(Student CA Final )
(175 Points)
Replied 09 January 2014
tds rate will be increased by ec and surcharge
tanvi
(Student CA Final )
(28 Points)
Replied 09 January 2014
but what rate will be applicable ? is it TDS 10% + cess 3% ??
Jeetendra Goyal
(Student CA Final )
(175 Points)
Replied 09 January 2014
the rate at which ur client is cargable ax in india for professional fees received
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