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TDS rate 2 % or 10%

kiran (accountant) (444 Points)

11 May 2020

we have taken managed network services
sac code is 998316 & 998414

we deduct TDS on 10%

its correct or not.

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10 Replies

CA Garima (Assistant Manager) (118 Points)
Replied 11 May 2020

It's a technical service so that 2% TDS should be deducted.

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Spurto Consultancy Services (Consultant) (1891 Points)
Replied 11 May 2020

Yes, the service will be categorised as technical services.

Form 01.04.2020, TDS @ 2% to be deducted on technical services and @ 10% on professional services.

Piali Roy Chowdhury (605 Points)
Replied 11 May 2020

TDS @ 2% will be applicable for Technical Services

3 Like

ABHISHEK SURANA (27 Points)
Replied 13 May 2020

This question is related to income tax ?
because there is no tax rate of 10% in gst tds

Ujjal Sengupta (2 Points)
Replied 24 September 2021

For Facebook India & Zoom India (ZVC India Pvt. Ltd.) also 2% TDS will be deducted?, but in case they are deducting directly from Credit Card of a Company, then how TDS will be deducted? because there is no scope of deduction of TDS at the time of payment through a Credit Card.

Please help...

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Sumit Jain (2 Points)
Replied 11 October 2021

Dear Ujjal,

you have to deposit the TDS on behalf of Facebook & zoom India after that please claim that TDS Reimbursement from Facebook & zoom India via submitting the form 16 to them

Call me if you required further assistance

Regards

Sumit Jain

rajeev tiwari (accountant) (22 Points)
Replied 01 November 2021

Sir , here we are discussing about TDS not GST

Prajjwal (*) (402 Points)
Replied 03 January 2023

TDS rates applicable under Section 194J is as follows:

10% on such income.
2% if the payee is only engaged in the business of operation of a call centre.

No surcharge, education cess or SHEC shall be added to the above rates. Hence, tax will be deducted at source at the basic rates. Moreover, the rate of TDS will be 20% if PAN is failed to be quoted.