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Tds

Ankita Gupta (article assistant) (25 Points)

09 March 2016

Whether TDS will be deducted on subscripttion of naukri job portal by ca firm(taxpayer).If yes, then under which section

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CA PRATIK DHRUVE (CHARTERED ACCOUNTANT) (634 Points)
Replied 09 March 2016

TDS needs to be deducted under section 194C. However, if amount is less than 30000, it is not required subject to maximum payment of 75000 in full year.

TDS rate would be 1% for payment to individual / huf.. and 2% for any other payee.

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doctor (doctor) (3 Points)
Replied 09 March 2016

dear sir

if a pharma firm has done a contract with principal investigator (a medical professional working in a university) for a drug trial and pays fees to university (as per research policy of institute) after 10% TDS deduction, and now when university pays (distributes) the share (50% according to university policy) to principal investigator, does the university liable to deduct 10% TDS again for that 50% share of the payment received ?