We have received an invoice for Rs.42,000/- for Testing charges of materials. which category we should deduct the TDS 194C or 194J?
Thanks in advance
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 November 2019
You can Deduct TDS u/s 194C
Kapadia Pravin
(17259 Points)
Replied 01 November 2019
You have to deduct TDS under section 194J @ 10%
You are making payment for testing charges which is nothing but fees for technical services availed and hence it falls under 194J.
( Note - Section 194C is altogether for different type of payments )
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 November 2019
@ Mr KARTHICK...,
testing charges not under definition of sec 194J.
You can deduct TDS under sec 194C...
testing charges not under definition of sec 194J.
You can deduct TDS under sec 194C...
sabyasachi mukherjee
(27529 Points)
Replied 01 November 2019
Sec 194 J is correct section.
under professional services.
rate .
Fees for professional services, technical services royalty,service tax or gst if shown separately in invoice.
at what time tax to be deducted:
time of payment or credit whichever is earlier.
threshold limit 30000.
rate of tax-10%
under professional services.
rate .
Fees for professional services, technical services royalty,service tax or gst if shown separately in invoice.
at what time tax to be deducted:
time of payment or credit whichever is earlier.
threshold limit 30000.
rate of tax-10%
Recent Topics
- I am selling my 14 years old company rupees 4 lacs
- Applicability of REG 07 and TDS on metal scrap
- Sale Order v. Purchase order
- Income tax 143(1) after scrutiny
- Best Practices for Managing Finances in Online Gam
- FREELANCING ACCOUNTANT
- Refund Recovery Alert: IT Department Using AI to D
- Rule 47A CGST
- How can I check the platform number for my train?
- Gratuity under CTC
Related Threads
CAclubindia
