12 June 2011
Is a professional liable to deduct tax at source on appointing a professional of same profession on salary basis? i.e for example an advocate who is liable to deduct TDS appoints an advocate on salary basis, then under which section is the advocate liable to deduct TDS (u/s 194J or 194)?
12 June 2011
Any person, person meaning as defined in the income tax act, i.e. individual, HUF, partnership firm, company, BOI, AOP etc making payment for any services is liable to Deduct TDS as per Secs 192-203 of IT Act.
But for individuals it will be mandatory if he/she undergoes Tax Audit, i.e. if turnover goes beyond 40 Lacs in the concerned Financial Year
12 June 2011
In my view, all the persons including Individuals and HUFs which are not covered under the tax audit are also liable to deduct TDS on Salaries under section 192.
27 June 2011
Is a professional liable to deduct tax at source on appointing a professional of same profession on salary basis? i.e for example an advocate who is liable to deduct TDS appoints an advocate on salary basis, then under which section is the advocate liable to deduct TDS (u/s 194J or 194)?
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