Respected Forum,
If a retired bank officer has been hired as "Advisor or Consultant" for a period of 12 months, and the fixed contract amount to be drawan 1/12 every month, then the TDS deductable falls under what section of ITA.
Respected Forum,
If a retired bank officer has been hired as "Advisor or Consultant" for a period of 12 months, and the fixed contract amount to be drawan 1/12 every month, then the TDS deductable falls under what section of ITA.
In my opinion you should deduct TDS under sction 194J (Professional services)
as person is appointed as a advisior (even if he is not having any professional degree of education)
U/S. 194J at rate 10%..... as soon as the aggregate amount equal or exceed Rs. 30,000/-
T R SOOD & CO
New Delhi
CA Inter
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Shaswat initial support private limited
Ahmedabad
CS
View Details
CAclubindia
