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Tds

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(Querist)
20 June 2013 DEAR SIR

WE ARE GOING TO SALE OUR PVT LTD CO THROUGH A CONSULTANT. CONSULTANT CHARGED RS 100000 FOR SINGNING THE CONTRACT. PLEASE TELL IN WHICH SECTION AND HOW MUCH TDS WILL BE DEDUCTED. EXP. WILL BE BOOKED AS CONSULTANCY CHARGES OR COMMISSION CHARGES

THANKS & REGARDS
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 June 2013 PAYMENT TO CONSULTANTS WILL ATTRACT TDS U/S 194J.
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Ganeshbabu K

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Ganeshbabu K (Expert)
20 June 2013 1)if he charged based on sale value it is commission and to be deducted under section 194H

2)if he charged only as a consultancy irrespective of sale consideration if he charges same amount it can be consultancy under section 194J

Generally it can be in the nature of commission and if that is the case 194H applicable..but if he charged it as consultancy fee and bill as consultancy fee it is 194J

Thanks & regards
Ganesh babu k
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