Prem
Legal Manager
[ Scorecard : 46]
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Posted On 11 August 2011 at 10:38
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Dear Sir,
Under what section is the excemtpion limit for deduction of TDS for consultant.
A lawyer issusing a invoice of8000/- as professional charges, is TDS required to be deducted.
Please provide any Government Order on the same.
Regards
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swapna
student
[ Scorecard : 77]
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Posted On 11 August 2011 at 10:42
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in case of professional charges u/s. 194D the limit for deduction of TDS is Rs. 30,000/- .
if total payment or single payment exceeds Rs. 30,000/- can eligible to deduct TDS
so in this case not require to deduct.
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swapna
student
[ Scorecard : 77]
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Posted On 11 August 2011 at 10:44
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sorry not 194D the professional charges comes under the sec. 194J
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Prem
Legal Manager
[ Scorecard : 46]
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Posted On 11 August 2011 at 11:22
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Thanks Swapana
If i have an advocate who gives me charges Rs. 2000/- for an assignment. He issues individual invoice for his assignment. but in a financial year we might oay him total of 50,000/- on different assignments. then?
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Mihir
Wealth Manager
[ Scorecard : 1446]
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Posted On 11 August 2011 at 11:30
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If the amount exceeds Rs. 30,000/- in a financial year, TDS will be deducted for earlier amount also for that year.
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mohan
Systems
[ Scorecard : 21]
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Posted On 28 January 2012 at 20:03
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What are the permissible deductions under the IT Act from a consultant's income and what are the proofs required to claim such deductions?
Thanks
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