Hi ,
we recruited an engineer for doing design work for a period of 6 months starting frrom june.
during the period he will earn roughly 14lakhs
do we have to deduct 10% TDS
Menu
TDS for engineer who was hired for 6 months contract
Replies (3)
I think you have to deduct TDS under 194 J of the Income Tax act 1961 , please confirm with others also
Could you elaborate the nature of work done by Engineer? Because 194j is depends on the nature of work of technical services provider. An engineer may provide technical services but he can also come under contract which attracts section 194C (1%/2%).
If he is engaged as consultant then you need to deduct TDS in 194J. rate have beed reduced fo 7.5% from 10%
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
