TDS u/s 194 J

This query is : Resolved

RAHUL SARIA (CA, CS) (Querist)
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04 March 2011 Whether Hair Cutting (Saloon), is a notified professional service u/s 194J of Income Taz Act, 1961.

If not whether Tds would have to be deducted U/s 194 C

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 March 2011 No it is not a professional service covered by Sec 194J.
What is the nature of expenditure and terms of agreement.

RAHUL SARIA (CA, CS)

RAHUL SARIA (CA, CS) (Querist)
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04 March 2011 Its an annual payment(single bill for service round the year - based on no. of visits) to Jawed habib of approx 36000/- for hair cut and other services availed by a director of the company. Expenses being borned by the company.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 March 2011 TDS not required to be deducted. The same will be treated as perquisites in the hand of director.