G MURALIDARAN (ADVISOR CREDIT AUDIT DEPT SBI IMA HYDERABAD) (35 Points)
26 August 2017Respected 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.
Meenu
(taxation manager)
(648 Points)
Replied 26 August 2017
As the officer is hired as consultant - then provisions of Sec 194J is applicable, based on the details provided.
Dixit
(CA Final)
(2405 Points)
Replied 26 August 2017
Yes, If appointed as a consulantant then applicable for TDS if limit crosses.........
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1448 Points)
Replied 26 August 2017
tds applicable u/s 194J.
CAclubindia
