Tax deduction

This query is : Resolved

musabbir (Querist)
Follow

14 April 2015 A Compounder working in dispensary on contract basis getting payment of rs 6000 monthly.

Do I need to deduct the TDS on Rs. 6000 or not If Yes Please tell me which section is applicable 94c or 94 J

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

14 April 2015 First you have to see the person by whom the dispensary is being run? By the doctor or by the compounder?
.
Decide whether the profession of Dispensary is covered under Tax Audit (if run by an Individual).
.

musabbir

musabbir (Querist)
Follow

15 April 2015 We have trust running a medical dispensary and not covered under the tax audit kindly advice me tax should be deducted or not

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

15 April 2015 TDS is not required to be deducted U/s 194C.
.
For avoiding legal difficulties you can deduct Tax U/s 194J @ 10%.
.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

15 April 2015 since compounder is not a professional person as per definition of "professional" under sec 44AA hence no tds is applicable in this case under sec 194J

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now