TDS
This query is : Resolved
CS Ashish Jain
(Querist)
22 March 2010
A person who is providing a professionsl services to a compnay on a fixed monthly fees of Rs.20,000/- PM but his total income from the profession is less than Rs.10,00,000/- in a year.
Whether the TDS is to be deducted by the compnay on the payment made to the professional.(Total annual fees is Rs.2,40,000)
Whether the TDS is to be deducted by the compnay on the payment made to the professional.(Total annual fees is Rs.2,40,000)
Shyam Lal Naik
(Expert)
22 March 2010
The threshhold at present is Rs. 20,000/- per annum.
Hence TDS applicable u/s 194J.
Hence TDS applicable u/s 194J.
CA Ashok Kumar Sahu
(Expert)
22 March 2010
tds deduction is required
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