Contract vs Professional Services

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Ankit Satia (Querist)
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22 December 2010 What is a definition of words "Contract" & "Professional Services" in light of provisions relating to TDS under Income Tax Act,1961.

How to draw difference between "Contract" & "Professional Services" when a services rendered by person can be prima facie covered under "contract" & "professional services" both.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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22 December 2010 Profession service envolved mind work

however, where material and labour is envolved directly or indirectly it comes under contract.