25 January 2011
It appears that College has paid him as Profesional fee. Any payment of professional fee more than 30000/- attracts TDS u/s 194 J of the Income Tax Act.
31 January 2011
then pls suggest me possible deductions from it like conveyance/petrol allowance & it is required to keep all petrol exps bills & also required to maintain books of account. It comes under business & profession.