Interested to Buy Any Domain ? << Click Here >> for more details...
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?
- 3 Answers
- 8503 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / savithramma tv
If you know the total bill amount then you deduct TDS in one
shot or after knowing the total bill amount you have to deduct
TDS for professional service. i mean Rs.53000/=
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / phanindra babu
Professional Service TDS 10% Deduct SO TDS Deduct Quarter Wise (i.e 1 ST Quarter 2nd Quarter 3rd Quarter & 4 th Quarter)
| Is This Answer Correct ? | 0 Yes | 0 No |
i think in this situation when Cheque of Rs. 28000.00 is
issued. it is below of threshold limt that is Rs. 30000.00
in this situation tds is not deduct because 28000.oo is
less thein 30000.
But after three month a another payment is realesd of rs.
25000. now here the total payment is become rs. 53000.00
( i.e. 28000.00+25000.00) now this amount is cross the
threshold limt( i.e. rs.30000). Now the TDS Will be deduct
on rs. 53000.00 plus interst is charges for late payment of
TDS on 28000.00
| Is This Answer Correct ? | 2 Yes | 4 No |
Whether Luxury Tax should be collected on Tariff or on discounted tariff.
PLEASE ANY BODY TELL WHT IS PRESENT RATES OF TDS AND HOW MANY TAXES ARE THERE PLEASE SEND ME THE ANSWER TO MY EMAIL ADRESS I WAITING FOR UR ANSERS
why charges PURCHASE @ 15 % TAX RATE ?
professional tax rate
We had received form16A from one corporate company, against they made payment about Rs.49,000/- on 25/06/08, What i Should do this form ?
Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)
In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.
In Indian Taxation point of view, what you will look into a payment or what is to be observed while making a payment.
calculation of Tds on subcontractor
what is form requirement for monthly, quaterly and yearly sale return in haryana
Cenvat credit transaction journal entries. And what does the term reversal of credit means
what is rate of vat in raj.
Audit 
