TDS on payment made to professors
Querist : Anonymous
A college hires services of 2 Professors.
One is for Accounting and other is for
Economics.
College do not want to take them on payroll. It pays Rs. 30000/- per month to the professor of Accounting and Rs 1000/ per lecture to the professor of economics.
The yearly payment amounts to be Rs 300000/ and Rs 270000/ respectively.
Whether TDS is required to be deducted ?
If yes ? under which section it has to be deducted ?
Querist : Anonymous
Sir, when college appoints an on line service provider to educate its students, and the service provider is paid Rs. 300000/- ( @ 25000/ pm.)
TDS is required to be deducted on the payment but under which section 194C or 194J?
Click here to login now
Similar Resolved Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
