Is TDS applicable for payment made on consulting fee paid by one advocate to another advocate?
Menu
TDS on consulting fee paid by advocate to advocate
Replies (10)
It will surely be applicable under 194j.
but do check if the advocate's gross receipts exceed 50 lacs in preceding fy.
but do check if the advocate's gross receipts exceed 50 lacs in preceding fy.
I think 194J will be applicable
Agreed the comments of veerendar singh
The advocate (to whom the consulting payment is to be made) mentioned that TDS is not applicable when making consulting fee payment from Advocate (Individual) to another Advocate (individual). It is only applicable if one of the parties is a Law Firm.
Trying to get clarity on this claim of exemption and the relevant provision under the Act.
| Originally posted by : veerendar singh | ||
 |
It will surely be applicable under 194j. but do check if the advocate's gross receipts exceed 50 lacs in preceding fy.
The advocate (to whom the consulting payment is to be made) mentioned that TDS is not applicable when making consulting fee payment from Advocate (Individual) to another Advocate (individual). It is only applicable if one of the parties is a Law Firm. Trying to get clarity on this claim of exemption and the relevant provision under the Act, if true and applicable. |
 |
That advocate has clearly got it wrong.
you might have to argue with him. the law is very clear, tds is liable to be deducted under 194j.
you might have to argue with him. the law is very clear, tds is liable to be deducted under 194j.
| Originally posted by : veerendar singh | ||
|
That advocate has clearly got it wrong.you might have to argue with him. the law is very clear, tds is liable to be deducted under 194j.
Thank you. This helped. |
|
Welcome
194J is applicable
section 194 J of Income Tax Act 1961 is applicable and TDS @ 10% would be applicable.
Related Topics
CAclubindia
