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
Menu
Tds on professional fees to nr
Replies (6)
tds u/s 194 J is right
But sir Client is U.S. Institution means N.R., does it make any effect?? and why Sec.195 is not applicable??
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.....
tds rate will be increased by ec and surcharge
but what rate will be applicable ? is it TDS 10% + cess 3% ??
the rate at which ur client is cargable ax in india for professional fees received
Recent Threads
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
Related Threads
CAclubindia
