TDs on incentive to professional
This query is : Resolved
17 January 2011
My client has made payment to certain resident professionals as incentives for the efforts in getting a project. No TDs is deducted on this transaction .
in normal coarse it deducts TDS u/s 194j when pays retainership fees to them .
Plz clarify whether TDS is required to be deducted on the incetive ? if yes then under which section.
in normal coarse it deducts TDS u/s 194j when pays retainership fees to them .
Plz clarify whether TDS is required to be deducted on the incetive ? if yes then under which section.
Sunil Kr. Sanganeria
(Expert)
17 January 2011
Yes Tds is required to be deducted. If an incentive is paid to professional, TDS u/s 194J is required to be deducted.
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