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Consultancy Charges by Ex Employees

This query is : Resolved 

Hi,

My company has 2 ex employees who is supporting the company for business after retirement. I need to pay them around 30000 per month for which they will not provide any bill. Kindly suggest me that in which expenses head i have to account the same.

Show it under the Ledger heading of Professional Charges.

Sir, Thanks for your reply. Can I account without TDS Sir.

No, TDS has to be accounted @ 10%



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