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
- 8459 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 |
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.
how to calculated all taxes their information in details
What's the difference between Income Tax and P.Tax?
Rent is 50000 and service tax is 6180 what is the tds amount?
Is octroi duty by nature a tax you can pass on to the customer in your billing? how is it different than VAT?
What is the SEZ formalties in cement Industry?
what is Form "C"
is any benefit we can avail in income tax in respect of deducted Fringe benefit tax. please explain in detail.
is a pvt ltd. comp. can give advance against salary to his director.
0 Answers AXA Business Services,
how to calulate central exicise
I intend to know what is the liablity of the Company paying commission to an individual under section 194H relating Payment for Commission in terms of obtaining PAN no from the individual? What is the maximum amount of commission up to which the same could be relaxed or it is not mandatory.
Audit 
