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Retainership Fees

Professional


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

 
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TDS will apply under section 194J

 
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what does the retainership fees means

 
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Chartered Accountant


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)

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)

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

 
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(Guest)

what is retainership fees in pakistan finance bill 2008-2009

 
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