Liability to deduct T.D.S.
This query is : Resolved
Prakash Choudhary
(Querist)
10 September 2010
I have paid accounting charges to an individual rs 24000 during the financial year in three times 8000*3. am I liable to deduct t.d.s. on such amount if yes then when that liability arises
10 September 2010
If its FY : 2009-10 then, TDS is applicable & its applicable from the first payment as it was a known fact from the beginning that the total amount would be 24000/- for the year.
10 September 2010
But if its. FY 2010-11, then you should not deduct the TDS as from 1/7/10 the threshold limit is 30000/-
Prakash Choudhary
(Querist)
10 September 2010
will we treat as a professional service provider when he don't have any professional degree
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