Tds on accounting charges

Suppose a person working in proprietary firm where everyone's payment made as labour contract charges and TDS Deducted in 194C, while person doing accounting work don't want that he paid as a labour contractor as TDS attract in 194C and he have to file ITR by showing a contract business.

if he will paid as accounting charges then tds would be attract or not as he getting Rs.45000/per Month , Total Rs.5.50lac year , now in return he can show 50% as a income Rs.2.75 Lac - as per New income tax rule Tax in NIL up to Income of Rs.5.50Lacs

please advice whether TDS is attract or Not

 

Replies (5)
yes TDS wud get attracted under 194J and wud be required to be made @ 10% per month amount paid.
Yes... TDS applicable for the Accounting charges u/s 194J @ 10%

if same to be shown as Salary then have to deduct Professional Tax ….Right?

Right...

Dr. Accounting Charges - Rs. 45000
Cr. Mr. XXXX - Rs. 40500
Cr. TDS on Professional fee - Rs. 4500
yes pt needs to be deducted.

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