Tds u/s 194C deducted for Professional fees

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Rohan (Querist)

26 May 2011 In an educational institute...
Professional Fees are paid to Football Coach (Individual) for coaching Rs.50000/-.

Tds @ 1% (194C) is deducted instead of 10% u/s (194J)...

Is it a case of short deduction...???

Accountant is giving the justification that the institution has entered into a Contract/Agreement for the same, hence deducted @ 194C...!!!

Kindly provide me the solution ASAP

Thanks in advance.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)

26 May 2011 IT IS NOT PROFESSIONAL SERVICE COVERED BY SECTION 194-I THE ACCOUNATNT IS RIGHT
SEE EXPLANATION TO SECTION 194-I

CA MANOJ GUPTA
JODHPUR
09828510543

Rohan

Rohan (Querist)

26 May 2011 194I????????

DIDN'T GET

PLZ SPECIFY

Amit Bohra

Amit Bohra (Expert)

12 June 2011 Mr.Manoj, it will come under professional services, then how 194 I will applicable and which explanation is to be referred ?

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)

12 June 2011 IN THE PLACE OF SECTION 194-I READ SECTION 194J
IT IS NOT PROFESSIONAL SERVICE COVERED BY SECTION 194-J THE ACCOUNATNT IS RIGHT
SEE EXPLANATION TO SECTION 194-J

CA MANOJ GUPTA
JODHPUR

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