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Discussion > Income Tax > TDS >

Retainership Fees

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Professional

[ Scorecard : 67]
Posted On 04 December 2007 at 14:05 Report Abuse

What is the TDS rate applicable for retainership fees for the A.Y.2008-09? Whether TDS is to be deducted on retainership fees?

Please reply me.

 

 

 

 

 

 


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Vk Duggal

[ Scorecard : 320]
Posted On 04 December 2007 at 15:12

TDS rate will be 10% plus surcharge & cess i.e. 11.33% ot 10.3% as the case may be.




MAHENDRA IYER
SERVICE

[ Scorecard : 305]
Posted On 05 December 2007 at 10:07

TDS will apply under section 194J



Nirmal
articles

[ Scorecard : 92]
Posted On 05 December 2007 at 12:39

what does the retainership fees means



Jagrut Shah
Chartered Accountant

[ Scorecard : 80]
Posted On 05 December 2007 at 14:11

Applicable rate is 10% under sec.194J of Income Tax Act. Surcharge is 10% on it.
And 2%+1% Edu. Cess on it.
In Short Tax Rate is 11.33%



(Guest)
Posted On 07 December 2007 at 16:14

Dear Nirmal, When a professional is not employed on a salary basis,he is said to have been retained by his client for rendering professional advice at a fee of a certain amount on a monthly or any other basis.Like after completing your CA you may be offered to render professional advice to your client on a monthly fees of say Rs.25000/-.This is retainership fees.



(Guest)
Posted On 05 February 2008 at 16:27

retainership fees under which sec tds will be applicable and what rate



(Guest)
Posted On 09 September 2008 at 17:47

what is retainership fees in pakistan finance bill 2008-2009



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