M.Shanmugasundaram (Accounts) (234 Points)
12 June 2014Dear Sirs,
What is the TDS Rate for Smart Board Installation Charges (Service Tax 12.36%) ?
Plz Help Me
Thanking you,
Regards,
M.Shanmugasundaram
E-mail: sundars_007 @ rediffmail.com
Yogesh Goel
(Chartered Accountant)
(192 Points)
Replied 12 June 2014
If Installation of Smart board requires technical knowledge of an engineer/technical consultancy, then TDS Shall be deducted u/s 194J i.e. @ 10%, else it shall be deducted u/s 194C i.e. if amount payable to Individual/HUF then @ 1% otherwise @ 2%.
YOu may refer Sec 194J, in detail. if not applicable, TDS shall be deducted u/s 194C.
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