TDS ON REMUNERATION PAID TO A RETIRED EMPLOYEES
This query is : Resolved
Sanjeev Kumar Varshney
(Querist)
13 March 2008
WE HAVE MADE AN AGREEMENT WITH ONE OF OUR RETIRED EMPLOYEE WHOC IS AN ADVOCATE AS REATINER AND ARE PAYING RS 70000/- PER MONTH. WE ARE NOT PAYING ANY OTHER BENEFIT TO HIM EXCEPT HE MAY NE ALLOWED 30 DAYS LEAVE AND CAN TRAVEL IN COMPANY ACCOUNT. PLEASE ADVISE UNDER WHICH SECTION TDS SHOULD BE DEUCTED ? WHETHER U/S 192 / 194 9C ) / 194 ( J )?
CA. GOPAL SONIKA
(Expert)
13 March 2008
194J
13 March 2008
A RETIRED EMPLOYEE IS ONE WHO IS NO MORE ON THE PAY ROLL OF THE COMPANY UNLESS YOU HAVE ISSUED A LETTER OF APPOINTMENT AND REEMPLOYED HIM AGAIN.
IF THIS BE THE CASE THIS IS A PROFESSIONAL FEES ATTRACTING TDS UNDER SEC 194J@10.03%.
R.V.RAO
IF THIS BE THE CASE THIS IS A PROFESSIONAL FEES ATTRACTING TDS UNDER SEC 194J@10.03%.
R.V.RAO
Sanjeev Kumar Varshney
(Querist)
14 March 2008
Mr R.V.Rao
He is hust retired after 58 years. We have appointed him on Contratual employement basis and he is not allowed to work for others.He will come to our Office regularly.
Does issuing such letter to him treated as employee of the company ?
Some consultants are of the opinion that he should be treated as employee.How we file TDS return?
Please advise .
He is hust retired after 58 years. We have appointed him on Contratual employement basis and he is not allowed to work for others.He will come to our Office regularly.
Does issuing such letter to him treated as employee of the company ?
Some consultants are of the opinion that he should be treated as employee.How we file TDS return?
Please advise .
14 March 2008
SINCE HE IS NOT ON THE PAYROLL OF THE COMPANY HE CANNOT BE THE EMPLOYEE OF THE COMPANY
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- 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?
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
