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
CAclubindia
