Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

apllicability of 194 J of Incometax

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pllicability of 194 J of Incometax<br> Query (Issue) Started By: - sid chakravarthy Dated:- 16-12-2011 Last Reply Date:- 19-12-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>sir, We have recruited 2....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... legal advisors on outsourcing through third party contractors @ Rs 15000.00 per month per person. i have deducted TDS @10% under Section 194 J of Income Tax Act, 1961 But they are arguing that they....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... do not have much income and as such they do not come under the Income Tax perview. They said ,they will give a declaration to the effect that they dont have taxable income and hence request to exemp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t from recovering TDS under Section 194 J. Can i exempt them from recovering TDS by taking a declaration from them . Kindly suggest rule position. Chakravarthy S.N. Reply By DEVEN MASTER: The Rep....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ly: No you can not do on the basis of their declaration. It is your liability to deduct tax and claim expenditure. If they apply to IT Dept and they will issue certificate then you follow the particu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lars cerificate issued by the department, and at the time of filling TDS Return should mentine for non dedcution or lower deduction reason in the form.<br> Discussion Forum - Knowledge Sharing ....