Tax at Deducted source issue

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....ax at Deducted source issue<br> Query (Issue) Started By: - vishveshwar rao Dated:- 10-12-2010 Last Reply Date:- 13-12-2010 Other Topics<br>Got 2 Replies<br>Indian Laws<br>Hi I am working as a indepe....

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....ndant 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 section 194C, TDS should be....

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.... 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 the Income Tax Act, 1961.i.e Tds ....

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....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 attracted and hence the applicable TDS rate ....

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....is 10%.<br> Discussion Forum - Knowledge Sharing ....