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For consultancy service in india

This query is : Resolved 

28 August 2012 Dear Sir
I wish to know the percentage of TDS to be deducted on account of consultancy service out sourced by my company.

My comapnay has engaged an outsourced individual for consultancy services we pay her around 75000 per month how much we should deduct TDS for this service.

Please explain



28 August 2012 Whether the services of your consultant is outsourced or not, you have to deduct as per provisions of section 194J and as per explanation 2 to Section 9(1)(vii) - from the description given by you it certainly appears that the services of the lady in question would come under the purview of these provisions, so TDS @ 10% would apply.


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