05 March 2012
I am working in a Limited Company. Every month we are paying to hospital towards injury treatment for our workers. But the cheque is prepared in the name of the Doctor.
Whether Tds is deductible? If so on what percentage? & what is the limit for that. Whether Tds is applicable if the payment is made in the name of Hospital?
05 March 2012
It is Professional Fee TDS would be deduct @10%(If Pan No Not Provided 20%) on the payment of the total fee under section 194J if the such fee exceeds Rs.30000/- p.a. if you fail to deduct TDS till now better to deduct immediately on the next payment for the whole amount paid till now. OM SAI SRI SAI JAI JAI SAI