Tds
This query is : Resolved
03 December 2011
My client has paid Rs.2 lacs as consultancy fee to a female senior citizen (65 yrs) whose annual income is Rs.50,000/- from interests. Should they have deducted Tax at source?
03 December 2011
Yes your client should deduct TDS on payment of Consultancy service charges.It Covered under section 194-J for any professional or consultancy charges
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03 December 2011
Yes, Your client should deduct TDS u/s. 194J.
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03 December 2011
If it was a business expense of your client, then he definitely has to deduct TDS.
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