tds on profession

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vishwanath (Querist)
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20 October 2009 if an indudual receives a professional fee bill for 7.00 lacs for design and consulting for his new falt. Is he required to deduct and make TDS paymnet on professional bill.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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20 October 2009
Yes, TDS yes responsibility of the person who is making payment to the professional.

Under sec 194J single /aggregate payment over 20,000 is liable for TDS.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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20 October 2009 TDS to be deduct 10% now from 1.10.2009

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vishwanath

vishwanath (Querist)
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20 October 2009 even this professional charges is one time and is not for business purpose because i indudual is not holding any TAN Number

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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20 October 2009 Hi Vishwanath,

If you are paying this as an individual and payment is for personal purpose, you need not deduct TDS as per Section 194 J

vishwanath

vishwanath (Querist)
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20 October 2009 thank you repy

vishwanath

vishwanath (Querist)
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16 December 2009 thank u