Barkha
Professional
[ Scorecard : 67]
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Posted On 04 December 2007 at 14:05
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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]
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Posted On 04 December 2007 at 15:12
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TDS rate will be 10% plus surcharge & cess i.e. 11.33% ot 10.3% as the case may be.
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MAHENDRA IYER
SERVICE
[ Scorecard : 305]
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Posted On 05 December 2007 at 10:07
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TDS will apply under section 194J
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Nirmal
articles
[ Scorecard : 92]
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Posted On 05 December 2007 at 12:39
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what does the retainership fees means
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Jagrut Shah
Chartered Accountant
[ Scorecard : 80]
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Posted On 05 December 2007 at 14:11
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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%
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(Guest)
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Posted On 07 December 2007 at 16:14
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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.
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(Guest)
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Posted On 05 February 2008 at 16:27
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retainership fees under which sec tds will be applicable and what rate
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(Guest)
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Posted On 09 September 2008 at 17:47
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what is retainership fees in pakistan finance bill 2008-2009
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