TDS on profeesional fees
This query is : Resolved
25 August 2010
Dear all,
I am paying TDS of 3000 per month from my professional fee.I have some eligible savings u.s 80C.Instead of waiting for the year end,can I use my savings certificate for reducing my TDS amount?
Thanking you,
Regards,
Shraddha.
I am paying TDS of 3000 per month from my professional fee.I have some eligible savings u.s 80C.Instead of waiting for the year end,can I use my savings certificate for reducing my TDS amount?
Thanking you,
Regards,
Shraddha.
25 August 2010
Sec.80 C cannot consider for TDS u/s.194J. better you apply for nil rate of TDS to your A.O. through form 13
25 August 2010
Since u are a professional TDS will have to deducted on the professional fees being received by you at the time of payment itself only.
Deduction u/s 80C is possible to be given only if salary is being received not professional fees.
Deduction u/s 80C is possible to be given only if salary is being received not professional fees.
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