Dear Sir,
Under what section is the excemtpion limit for deduction of TDS for consultant.
A lawyer issusing a invoice of8000/- as professional charges, is TDS required to be deducted.
Please provide any Government Order on the same.
Regards
Prem (Legal Manager) (46 Points)
11 August 2011Dear Sir,
Under what section is the excemtpion limit for deduction of TDS for consultant.
A lawyer issusing a invoice of8000/- as professional charges, is TDS required to be deducted.
Please provide any Government Order on the same.
Regards
swapna
(student)
(77 Points)
Replied 11 August 2011
in case of professional charges u/s. 194D the limit for deduction of TDS is Rs. 30,000/- .
if total payment or single payment exceeds Rs. 30,000/- can eligible to deduct TDS
so in this case not require to deduct.
swapna
(student)
(77 Points)
Replied 11 August 2011
sorry not 194D the professional charges comes under the sec. 194J
Prem
(Legal Manager)
(46 Points)
Replied 11 August 2011
Thanks Swapana
If i have an advocate who gives me charges Rs. 2000/- for an assignment. He issues individual invoice for his assignment. but in a financial year we might oay him total of 50,000/- on different assignments. then?
Mihir
(Wealth Manager)
(5293 Points)
Replied 11 August 2011
If the amount exceeds Rs. 30,000/- in a financial year, TDS will be deducted for earlier amount also for that year.
mohan
(Systems)
(21 Points)
Replied 28 January 2012
What are the permissible deductions under the IT Act from a consultant's income and what are the proofs required to claim such deductions?
Thanks
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