Tax tds liablity
This query is : Resolved
Parvez Vasaya
(Querist)
17 April 2016
hello all
one of our client have started coaching classes and the have also tied up with a school under which school will introduce a compulsory subject of Vedic maths for which our client will get Rs.70 per students for 800 students.
now i want to know what will be the income tax liablity of our client? whether tds will be deducted? under which section? can we claim refund? what are the limits?
Murtaza I Bhagat
(Expert)
18 April 2016
Income tax liability as same as per slab given by income tax dept. yes if attract tds then deduction u/s 194J possible. you can claim refund as per your client category.
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