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.
CMA Ramesh Krishnan
(Expert)
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
Aditya Maheshwari
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Under marginal scheme
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TDS on Fixed Assets purchased
- Import of Software Service.
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Non filing of I T Returns
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
