Tds to retainer

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 February 2012 If a retainer is getting 180000 p.m. towards retainership fee, then what will be his tax deductions how much amout will be deducted from his retainership fee.

Nisar Ahammed,
Hyderabad

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 February 2012 Retainer fees nature of professional service, so need to deduct TDS u/s.194J, 10%

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2012 I am Nisar Ahammed, Manager(HR&Admn), from Sujana, Hyderabad: Please clarify whether PT will be deducted from the retainership fee.

Nisar Ahammed,
Hyderabad.

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