TDS

Hiee friends..............
 

What is the rule for deduction of TDS on professionals. If there are 2 payments in the whole year of rs. 19000/- each, shoild TDS be deducted??? or no???

Could u send the detail of payment regarding the service, contract
 

Reddy i hope TDs to be deducted as TDS on Contracts as they or not fall under the sec.194J

Sree...:)

Hi Friend,

TDS Is liable to deduct on the above payment because it exeeded the maximum limit of Rs. 20,000/-PA. hence the TDS will be deductible on whole amount paid till.

In case of telephon No TDs applicable.

In case of payments made to Broad band services (say bharathi airtel services)

We have to deducted TDS under the head contractors or profession.

Pls clarify me

Ans:
Dear Thimma Reddy, TDS will be deducted under Section 194C of the I.T. Act.

We have to see whether there is any contract then this matter will be under section 194C