Tds in 192 b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2018 To whom Section 192B is applicable . Is it not possible to apply this section to Contract lectures who are getting Consolidated amount of Rs. 40,000 per month. Their term is 10 months every year. Which section is applicable to Contract Lectures. Kindly help with full clarity.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

27 February 2018 TDS u/s 192B us applicable to Salaried Employees on Roll, on Contract / Casual lectures on Roll temporary period if you hire particular period either you can apply 192B or 194J @10% professional or Consultancy fees.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

28 February 2018 There is no section 192B as such. But in form 24Q a section code 92B is given for
payment to employees other than government employees.
For contact lecturers tax has to be deducted u/s 194C against which there is no
section code to be given in form 26.

Sayan Gupta

Sayan Gupta (Expert)
Follow

28 February 2018 194C does not apply in case of contract lecturers as the term "work" includes only the following

1. Advertising
2. Broadcasting and telecasting including production of programs for such broadcasting or telecasting
3. Carriage of goods and passengers by any mode of transportation, other than railways
Catering
4. Manufacturing or supplying of a product according to the requirement or specification of a customer by using the materials purchased from such customer, But does not include manufacturing or supplying of a product according to the requirements or specifications of a customer by using the materials purchased from a person, other than such a customer.

TDS is to be deducted u/s 194J

Message likes : 1 times

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

28 February 2018 The phraseology is 'work include' and not 'work means', so I took an extended
meaning to cover 194C.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

28 February 2018 Lecturers services not considered as contract u / s 194C.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sneh Choraria

sinu kurian

Amit Goyal

Tushar Gupta

Vinod Dharwarkar

Subscribe Now

Tds in 192 b

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA