Dear,
Please tell me If I paid Rs.10.000/- to a doctor for cunsulting in our company . Than can I deduct TDS on that payment. My company is pharmacutical.
3 Replies
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 21 September 2012
if amount cross of Rs. 30000 during the year the deduct the TDS @ 10% under section 194J
Sunil
(Internal Auditor)
(334 Points)
Replied 21 September 2012
The nature of payment you specified here is consulting and if it is pure consulting it will come under Professional Fee and 10% tax need to be deducted if the payment cover 30k. If it is in any nature of commission you should deduct tax @ 10% on the payment as it is over 5k
Ganeshbabu K
(Audit and Tax Advisory)
(48564 Points)
Replied 21 September 2012
u can deduct tds if ur payments to doctor exceeds more than 30000
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