Tds on professional
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 January 2012
Dear All ,
If I am paying some amount to a professional consultant , for rendering some service & If I have an agreement with him, please let me know the rate of TDS to be deducted, whether it comes under TDS on professional or under TDS on contractors ?
If I am paying some amount to a professional consultant , for rendering some service & If I have an agreement with him, please let me know the rate of TDS to be deducted, whether it comes under TDS on professional or under TDS on contractors ?
16 January 2012
Section 194J will prevail. Deduct TDS u/s 194J @10%. If PAN not given then you have to deduct TDS at penal rate of 20%.
Threshold Limit: Rs 30000/- p.a.
Threshold Limit: Rs 30000/- p.a.
16 January 2012
Section 194J is applicable.
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