We have hired an agency who provide services related to procuring various licenses/permissions (Local police NOC/IPRS/Novex etc) for an event. Can anybody pls advise TDS on such services?
About Agency:
Agency is a leading licensing agency specializing in event operational licenses.Their team of experts ensures that our events comply with all necessary regulations, delivering a seamless and stress-free experience.
Agency Licensing Services Trigger 10% TDS Under Section 194J When Annual Payments Exceed Rs. 30,000 A company sought advice on Tax Deducted at Source (TDS) for an agency providing event licensing and permission services. Responses indicated that TDS likely applies under Section 194J for professional services at 10% rate, with applicability dependent on payment exceeding Rs. 30,000 annually. Experts recommended verifying service classification and consulting a tax professional for precise interpretation. (AI Summary)
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