Reg. tds in prof fees
This query is : Resolved
Nanda Kumar
(Querist)
26 August 2015
Sir, we are deducting 10% TDS from Profesional fees. But what is the minimum amount to deduct this. Please help me.
CA Mohit Bansal
(Expert)
27 August 2015
below 30000 payment you dont need to deduct TDS
11 September 2015
If payment made to directors of the Company then you are liable to deduct on full amount paid/payable to them. Only salary paid to director is not covered under this section. Other payments made to director is covered under this section. There is no basic limit for payments liable to director.
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