TDS on Professional Services. Payment more than Rs 1 Cr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2010
Whether on payment for Professional services more than Rs 1 crore to Individuals, Firms, HUF, company ( all residents ) surcharge and education cess @ 7.5% and 3% applicable on 10% u/s 115J.
OR is it applicable only to Companies . Pl confirm.
OR is it applicable only to Companies . Pl confirm.
12 July 2010
TDS on professional fees paid to any one and any amount to be deducted u/s 194J is flat 10% only for F. Y. 2010 - 11.
12 July 2010
Agreed, on TDS , there is no surcharge and education cess even if payment is more than i crore, except tds on salary.
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