On which amount is T.D.S Applicable on account of Payement
to Adverting contractors for F.Y.2010-11
Answers were Sorted based on User's Feedback
Answer / v.d.sharma
in case of advertisment contractor amount paid above Rs
20000/-in a day or 50000/-p.a tds will be deduct 1% up to
30/06/2010 and from 01/07/2010 Rs.30000/-in a day or 75000/-
p.a
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / sushil
in case of advertisment contractor amount paid above Rs
20000/-in a day or 50000/-p.a tds will be deduct 1%
| Is This Answer Correct ? | 4 Yes | 3 No |
what is tds and what is what is the current rate of tds on payment of contract and payment of professional charges
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My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?
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