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
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