RATE AT WHICH TDS TO BE DECUTED, Income Tax

[KAILASH ASAWA]

ASSESSEE IS ENGAGED IN JEWELLERY BUSINESS. CHARGES PAID TO COMPANY OR OTHER BUSIENSS ORGAINSATION TOWARDS HALL MARKING CHARGES FOR HALL MARKING DONE TO THEIR GOLD ORNAMENTS. AT WAHT RATE TDS TO BE DECUTED.WHETHER IT COMES UNDER 194C OR IT COMES UNDER TECHNICAL FEES U/S 194J.

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[rishi mohan]

All depends upon agreement. Hall-Marking is Service by its Nature therefore tds shall be applicable u/s 194J. If this is a Contract by establishing a relationship of contractor and Contractee, tds shall be applicable u/s 194C.