Tax at Deducted source issue

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..... Hi I am working as a independant business consultant for a company on a contract basis for their clients. While making the payment to me, they are dedcuting TDS at 10% and paying the amount. As per .....

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..... section 194C, TDS should be 1%. Kindly clarify and give your suggestions to avoid the TDS deduction at 10%. Regards Vishveshwar Rao - Reply By rishi mohan - The Reply = Please refer Sec. 194J of t .....

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..... he Income Tax Act, 1961.i.e Tds on Fees for Professional/Technical services. - Reply By CHITRA RAGURAM - The Reply = Since you are providing services as a business consultant Sec 194J will be attrac .....

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..... ted and hence the applicable TDS rate is 10%. - Tax at Deducted source issue - Query Started By: - vishveshwar rao Dated:- 10-12-2010 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - .....

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..... Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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