Tds for consultant whose payment below rs.2.5 lac pa
This query is : Resolved
23 November 2015
Hi All
Is it necessary to deduct 10% TDS for payment to a consultant, even though their payment would not cross Rs.2.5lac in this financial year?
Is it necessary to deduct 10% TDS for payment to a consultant, even though their payment would not cross Rs.2.5lac in this financial year?
23 November 2015
Yes TDS applicable on professional payment exceeding Rs 30,000.
Guest
Guest
(Expert)
23 November 2015
Yes it falls in section 194J,if it is more then 30000 during the year you need to deduct tds at the time of payment or credit whichever is earlier.
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