Tds on retainership fees

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Retainership fees are generally subject to TDS under Section 194J at 10%, provided the aggregate payment during the financial year exceeds the prescribed threshold limit of Rs. 30,000.

Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2012 what percentage of TDS to be deducted on Retainership Fees for the F.Y. Ended 31/03/2012

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
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06 December 2012 tds on retainership fees falls u/s 194J @10%

Hari Beldona

Hari Beldona (Expert)
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06 December 2012 TDS on retainership fee is 10% U/S 194J the aggregate of the amounts of such sums(retainership fee or any other fee of professional service) credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee exceeds Rs 30,000

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