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Remuneration is taxable or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2013 SIR PLEASE CLARIFY THAT ONE OF THE OFFICIAL IS APPOINTED TO WORK AS CONSULTANT IN OUR OFFICE ON A CONSOLIDATE PAY OF RS.60000-00 PER MONTH (REMUNERATION) WHETHER THE SAME WILL BE TAXABLE OR NOT. IF TAXABLE UNDER WITH SECTION. PLEASE CLARIFY.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
19 September 2013 From taxation point of view, a consultant gets paid her/his remuneration, which may be in the form of a lump sum payment on assignment to assignment basis or on a retainer basis.
The retainer fees may be paid on a monthly basis but still it is not in the nature of salary so long as there is no employer-employee relationship between the consultant and the employer.
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Ravi Jhamb

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Ravi Jhamb (Expert)
19 September 2013 I agree with Mr. Aryan. There is no relationship employee and employer. Then you should deduct TDS on remuneration under 194 J professional services. Flat rate 10% of paid amount.



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Ganeshbabu K

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Ganeshbabu K (Expert)
19 September 2013 Mandatory to deduct tds u/s 194J on amount paid to consultant @10%
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
19 September 2013 Totally agree with our Expert Ravi ji..
Have to deduct TDS U/S 194J..
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Ravi Jhamb

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Ravi Jhamb (Expert)
19 September 2013 Mr. aryan can u tell me wat should i do. my cc is valid for dec 2013 attempt only. go for

validation of cc or submit cc june 2014.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 September 2013 SIR, WHETHER REMUNERATION COVERS UNDER SECTION 194-D
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
19 September 2013 Appear in Dec Examination,
If passed then all right, otherwise re-validate ur cc for the next consecutive terms..



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CA Pallav Singhania

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CA Pallav Singhania (Expert)
19 September 2013 TDS on Payment of Insurance Commission. (Sec. 194D) not covered for remuneration to consultants...
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Sachin Jain CA, CS, CWA

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Sachin Jain CA, CS, CWA (Expert)
26 September 2013 194 J is applicable. I think answer by Aryan ans Ravi Ji are perfect.

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