Martin King (Director) (81 Points)
21 August 2010I am a job consultant in new delhi and i am new to this business.
Today I raised an invoice of around Rs14000.My firm is not registered so i dont pay Service Tax as well.
I got the mail from my clieent today that since his company is Pvt Ltd so if next payment goes above Rs20000 thn the TDS @ 10.3% would be deducted from the payment made to you as your commission.
What are your reviews about it ? Is he right ?
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 21 August 2010
Whats ypur nature of service? I don't think its commission, because in commission, threshold limit is just Rs. 2,500.00.
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 21 August 2010
dear sarvesh, please explain the nature of payment in this case............
mehul kishnani
(student)
(264 Points)
Replied 21 August 2010
yes same question what type of job consultant u are
mehul kishnani
(student)
(264 Points)
Replied 21 August 2010
whether it is professional serivice, commissioning base payment or any other payment
Dheeraj
(Learner)
(1100 Points)
Replied 21 August 2010
AS PER MY OPINION
AS U SAID ABOVE U R A JOB CONSULTANT
SO , I THINK U R RECEIVING THE PROFESSIONAL FEES
M I RIGHT ?
IF I M RIGHT THAN AS PER SECTION 194 J THEY WILL DEDUCT THE TDS BUT AT THE RATE OF 10% NOT AT THE RATE OF 10.3%, IF THE PAYMENT IS BEYOND / ABOVE 30000
BUT U HAVE TO TELL THEM FIRST THAT THEY CAN DEDUCT 10% TDS NOT 10.3%
Balram Begari
(Accountant)
(122 Points)
Replied 21 August 2010
Dear Dheeraj & All ,
With refrence to your views i want correct with stating that "Theresold limit for 194J-Professional Fees is Rs 30,000/- with effect from 01/07/2010 (please refer new budget changes 2010).
So hope you will updated the information.
Thanking You.
Best Regards,
Balram B
Dheeraj
(Learner)
(1100 Points)
Replied 21 August 2010
THANKS MR BALRAM
ACTUALLY I WAS TOTALLY UNKNOWN ABOUT THIS AMMENDMENt
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