Tds applicability for ngo
This query is : Resolved
10 July 2012
Hi Friends,
Please tell me If I am paying some professional fee to NGO should I deduct TDS or not
Please tell me If I am paying some professional fee to NGO should I deduct TDS or not
10 July 2012
TDS liability should be there.
Anuj
Anuj
10 July 2012
Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—
( a ) fees for professional services, or
( b ) fees for technical services, [or]
[( c ) royalty, or
( d ) any sum referred to in clause ( va ) of section 28 ,] Sec 194J This Sec. provides for deduction of tax on any amount paid to any person by
way of professional fees, fees for technical services, royalty etc. A new sub-Sec. (ba) is
proposed to be inserted to extend the scope of the said section to include, payment of
remuneration, fees or commission, by whatever name called, other than income paid as
salary to a Director of a Company. This amendment shall come into effect from 1st July,
2012.As per the above Provision,if you are individual or HUF then no need to deduct TDS
( a ) fees for professional services, or
( b ) fees for technical services, [or]
[( c ) royalty, or
( d ) any sum referred to in clause ( va ) of section 28 ,] Sec 194J This Sec. provides for deduction of tax on any amount paid to any person by
way of professional fees, fees for technical services, royalty etc. A new sub-Sec. (ba) is
proposed to be inserted to extend the scope of the said section to include, payment of
remuneration, fees or commission, by whatever name called, other than income paid as
salary to a Director of a Company. This amendment shall come into effect from 1st July,
2012.As per the above Provision,if you are individual or HUF then no need to deduct TDS
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