Tds in section 194j and 192b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 February 2018 I would like your kind self to help me in Income Tax related doubts. I am working on contract basis as a Lecturer in a Polytechnic in Telangana state and getting a consolidated amount of Rs.40,270 Rs per month. My Administrative Officer is planning to cut TDS according to Section 194J. My query is whether its appropriate to apply 194J, as I need to suffice the same earned money for remaining 2 months as my contract terminates for every 10 months and every time there is no certainty that the contract gets renewed once again. Is it not appropriate to apply 192B to these contract Lectures ?. Which one is correct kindly rectify my doubt.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 February 2018 192b TDS deduction is the right one.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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28 February 2018 TDS u/s 192B us applicable to Salaried Employees on Roll, on Contract / Casual lectures on Roll temporary period if you hire particular period either you can apply 192B or 194J @10% professional or Consultancy fees.

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