What is the Rate of TDS on Professional

Question

Accepted Answer

The rate of TDS on professional services varies depending on the nature of the service provided.

The standard rate of TDS on professional services is 10%.
However, if the recipient of the service does not provide their PAN (Permanent Account Number), the TDS rate increases to 20%.
Certain professional services like legal consultancy, technical services, and royalty payments have a TDS rate of 10%.
Professional services provided by advertising agencies have a TDS rate of 5%.
If the professional service is provided by a non-resident, the TDS rate may vary based on the applicable tax treaty between India and the country of residence of the service provider.

Accepted Answer

The rate of TDS on Professional is 10%

Popular interview questions of Accounts Clerk