16 January 2020
1. In our company we are planning to employ Consultants and Self Employed Professionals. I want to know what kind of acts are applicable on this. I want to know about Agreeement, Billing, TDS, ITR for Professionals. Maximum Billing should be <6 LPA.
27 January 2020
Agreement: You need to decide terms and conditions among yourself and such professionals/self employed persons. Billing: They will charge you GST if they are registered. TDS: You need to deduct TDS @10% under section 194J, if payment is within India. ITR: ITR filings should be done by concerned individual clubbing his or her all incomes for the relevant financial year.
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