TDS on profeesional fees

This query is : Resolved

shraddha (Querist)
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25 August 2010 Dear all,
I am paying TDS of 3000 per month from my professional fee.I have some eligible savings u.s 80C.Instead of waiting for the year end,can I use my savings certificate for reducing my TDS amount?

Thanking you,
Regards,
Shraddha.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 August 2010 Sec.80 C cannot consider for TDS u/s.194J. better you apply for nil rate of TDS to your A.O. through form 13

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 August 2010 Since u are a professional TDS will have to deducted on the professional fees being received by you at the time of payment itself only.

Deduction u/s 80C is possible to be given only if salary is being received not professional fees.

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