Tax deduction
This query is : Resolved
14 April 2015
A Compounder working in dispensary on contract basis getting payment of rs 6000 monthly.
Do I need to deduct the TDS on Rs. 6000 or not If Yes Please tell me which section is applicable 94c or 94 J
Do I need to deduct the TDS on Rs. 6000 or not If Yes Please tell me which section is applicable 94c or 94 J
14 April 2015
First you have to see the person by whom the dispensary is being run? By the doctor or by the compounder?
.
Decide whether the profession of Dispensary is covered under Tax Audit (if run by an Individual).
.
.
Decide whether the profession of Dispensary is covered under Tax Audit (if run by an Individual).
.
15 April 2015
We have trust running a medical dispensary and not covered under the tax audit kindly advice me tax should be deducted or not
15 April 2015
TDS is not required to be deducted U/s 194C.
.
For avoiding legal difficulties you can deduct Tax U/s 194J @ 10%.
.
.
For avoiding legal difficulties you can deduct Tax U/s 194J @ 10%.
.
15 April 2015
since compounder is not a professional person as per definition of "professional" under sec 44AA hence no tds is applicable in this case under sec 194J
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- ERROR WHILE GENERATING .XML FILE FOR AY 2018-19
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
