TDS @ 20%

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CA. Aditya Ik Jain (Querist)

14 May 2010 Hi,
one of the party, gave us the bill of orchestra and on that bill, there was no PAN No. of party. This bill was of amount Rs. 12,000. Should we deduct TDS while making payment to him. i m asking this question in view of Amendment applicable from 1.4.2010 that those who doesnt provide PAN No. will be liable for the deduction @ 20%.

Akbar Mirza

Akbar Mirza (Expert)

14 May 2010 Dear Professional Friend,

TDS on Professional fees shall b deducted only if amount of bill exeeds Rs.20000/-. Here the amount of bill is only Rs. 12000/-. Hence there is no question of dedution of TDS.

Krishan

Krishan (Expert)

14 May 2010
Aditya

I think this is a one time conract and could be covered in 194C. so in this case also TDS doesnt comes into role.

taxindiaconnect

taxindiaconnect (Expert)

14 May 2010 The TDS on this will be applicable u/s 194C only if the orchestra fees paid is > 30K in a year. If PAN is not provided in that case TDS would be 20%.

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