Tds on Hr consultancy

Dear All 

we are requited employees from one of HR consultancy payment has to be done here my question is how much TDS  has to be deducted on invoice is it professional charges or Contractors ?

Replies (7)

Yes TDS is to be deducted u/s 194J @ 10%. HR Consultancy comes under Professional Consultancy service and is not considered under contract.

 

Regards,

Devendra Kulkarni

Professional services are infrequent, technical, or unique functions performed by independent contractors or by consultants whose occupation is the rendering of such services. Examples of professional services contracts include those of: accountants, actuaries, appraisers, architects, attorneys, brokerage firms, business consultants, business development managers, copywriters, dentists, distributors, engineers, funeral directors, law firms, physicians, public relations professionals, recruiters, researchers, real estate brokers, translators, software engineers, value-added resellers and web designers.

Hence, TDS deduct u/s 194J @ 10%. if amt. exceed Rs.20000/-p.a. before or upto 30-06-2010 and from 1-07-2010 amt. Rs.30000/-p.a.

Well explained Deepesh..!!

Dear Devendra and Deepesh

thank you very much , for being given Great suggestion !!

You can thank us using the "Thank User" Icon.

Well explained by Devendra and Deepesh.

What is the exact business code for copywriters for 44ADA per the latest list please?

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