I m on contract (through not any Contractor) working in U.P. judiciary last 5 years. I m getting Rs. 50000 per month as honorarium. I have diducted income tax every year as salaried person and file ITR but this year my accountant saying he will deducting 10% every month from honorarium.
Sir/ Mam want to know is it right or wrong as per Income Tax Rules ?
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 10 May 2017
Clarify th nature you received suxh payment on contract basis or salary basis.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 10 May 2017
In case you ar not salaried & on contract basis then TDS @ 1% requiered to deduct u/s 194 C.
If payment is not in nature of contact or salary both then TDS @ 10% required to deducted u/s 194J
If payment is not in nature of contact or salary both then TDS @ 10% required to deducted u/s 194J
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