Tds
Querist : Anonymous
A company hired a consultant who
1. Assits in straightening the Accounts Payable process.
2. Liaisions with the bankers
3. Assits CFO on issued addressed to him.
The consultant works in the office from 9 to 6 or 7pm just like other employees.
My question is at what rate TDS should be deducted on payments made to him. (Payment given to him exceeds the TDS threshold limits).
Pls mention the section for TDS.
TDS @ 10% IS TO BE DEDUCTED
Querist : Anonymous
I forgot to mention, the consultant is paid on a monthly basis, so TDS @ 10% is to be deducted from the payment made in each month? Am I correct??
Lastly, the company has hired him but no written contract has been made, is TDS applicable in this case as well.
thanks!
yes, TDS@10% on gross amount of invoice(including servicetax charged on bill)
SO DEDUCT AND REMIT TDS TO GOVT.UNDER SECTION 194J
Querist : Anonymous
An individual is working on contract, so after what limits is he liable to add service tax in his bill (submitted to the co.)
Querist : Anonymous
am checking the bills from 2009 year onwards, pls tell me whether the limit of 10lakhs for ST applicability is same from yr 2009 to 2013.
no need ,
if service provider not charged service tax on bill you are not under liability to pay service tax to him.
more over service provider needs to charge service tax if service provider professional receipts exceeds 10 lakhs ...(all bills raised by service provider to all of his clients,,you cannot consider service tax liability from your point of you)
Querist : Anonymous
the consultant is an individual person and works only for one company.
Co. paid 7.50 L p.a. for 2009 and yr. 2010
then 8 Lakhs p.a. for each of 2011 & 2012.
Is the consultant below the Limits of service tax in each of the years from 2009 to 12? (he works only for one company).
once his gross receipts exceeds 9 lakhs he mandatorily required to take servicetax registration and once gross receipts exceeds 10 lakhs he need to pay service tax to department which was claimed in his bills to service receivers
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