Tds
This query is : Resolved
Vipin Kumar Sharma
(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
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
20 June 2013
PAYMENT TO CONSULTANTS WILL ATTRACT TDS U/S 194J.
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
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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