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Sec 44ada of income tax act
A doctor imparting his professional services as Visiting Consultant in a Pvt Hospital opts for Sec 44ADA.How TDS would be calculated by the said Hospital on his Consultancy Fees? Whether it is on 50% of his Gross Fees or on Total Gross Fees?
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Hospital is liable to deduct 10% TDS u/s. 194J, over the total amount of payment, exceeding 30K
By the way if hospital opts for 44AD, the liability of TDS may not arise at all!! (section 44AD applicable to Individual/HUF/Partnership firm, and 194J not applicable to non-audit case of first two).
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