Consultancy Charges by Ex Employees

This query is : Resolved 

21 July 2020 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.

26 July 2020 Show it under the Ledger heading of Professional Charges.

30 July 2020 Sir, Thanks for your reply. Can I account without TDS Sir.

30 July 2020 No, TDS has to be accounted @ 10%


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