TDS rate for Software-related services?
We are a web-development company, engaged in business of making websites, develop any existing websites, include CMS and E-commerce facility to the websites. We are getting this projects from other Indian companies for Sub-contracting on such projects.
What will be the TDS rate if we submit these invoice to the Provider as a Company or as a Freelancer/Individual? Will we include the Service Tax or other Taxes with the Invoices also & what will be the rate for such?
Pls, give me a detailed idea on this.
Professional and Technical Services to a resident (section 194J).
If the payment by way of fees for professional services, or fees for technical services or royalty exceeds Rs. 20,000 in a financial year, the payer must deduct TDS rate is 10.3%. Surcharge rate is 1%. (Exception: Individuals and HUF whose sales/gross receipts in business is less than Rs 40 lac or professional receipts is less than Rs 10 lac are not required to deduct the TDS).
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