tds on profession
This query is : Resolved
vishwanath
(Querist)
20 October 2009
if an indudual receives a professional fee bill for 7.00 lacs for design and consulting for his new falt. Is he required to deduct and make TDS paymnet on professional bill.
CA SANJAY MUKHERJEE
(Expert)
20 October 2009
Yes, TDS yes responsibility of the person who is making payment to the professional.
Under sec 194J single /aggregate payment over 20,000 is liable for TDS.
Yes, TDS yes responsibility of the person who is making payment to the professional.
Under sec 194J single /aggregate payment over 20,000 is liable for TDS.
Ram Avtar Singh
(Expert)
20 October 2009
TDS to be deduct 10% now from 1.10.2009
vishwanath
(Querist)
20 October 2009
even this professional charges is one time and is not for business purpose because i indudual is not holding any TAN Number
CA SANJAY MUKHERJEE
(Expert)
20 October 2009
Hi Vishwanath,
If you are paying this as an individual and payment is for personal purpose, you need not deduct TDS as per Section 194 J
If you are paying this as an individual and payment is for personal purpose, you need not deduct TDS as per Section 194 J
vishwanath
(Querist)
20 October 2009
thank you repy
vishwanath
(Querist)
16 December 2009
thank u
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