Easy Office
LCI Learning

Tds on professional

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 January 2012 Dear All ,
If I am paying some amount to a professional consultant , for rendering some service & If I have an agreement with him, please let me know the rate of TDS to be deducted, whether it comes under TDS on professional or under TDS on contractors ?
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
16 January 2012 Section 194J will prevail. Deduct TDS u/s 194J @10%. If PAN not given then you have to deduct TDS at penal rate of 20%.

Threshold Limit: Rs 30000/- p.a.
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
16 January 2012 Section 194J is applicable.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links