Deduction of TDS

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....eduction of TDS<br> Query (Issue) Started By: - Pradeep Jain Dated:- 28-2-2014 Last Reply Date:- 4-3-2014 Income Tax<br>Got 5 Replies<br>Income Tax<br>Sir, Our one employee got retirement at the age of 58 years. Due to need of work we have hired him and issued a contract letter for one year. According to that he will report to plant every day. We are paying monthly consultancy fees on the basis o....

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....f days present. He is punching card for attendance . Do we need deduct TDS under head 194 J or 192 . Pradeep Jain Reply By Varghese PA: The Reply: Hi, I think you need to deduct tax u/s 194J only and also if the payment is likely to exceed the limit prescribed Reply By soujanya vemula: The Reply: Hi, I think you must deduct TDS under Head 194J or 194C because you issued a contact letter.........

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...... Reply By piyush khivasara: The Reply: Hello Pradeep bhai, As per me the contract should be reviewed for same. As per definition of salary the term &quot; contract to services&quot; is different as against &quot;contract for service&quot;. Also note that since the person is on our muster roll and the payment is directly related to same also other related acts should be considered like Proff. ....

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....Tax and Provident Fund. Reply By vikram singh: The Reply: Pradeep ji, Reply By vikram singh: The Reply: Pradeep ji, as per your query you appoint as a consultant and you pay for consultancy or professional fees So it comes u/s 194J and deduct TDS if it is above 30,000/- at the rate of rate 10 percent basis.<br> Discussion Forum - Knowledge Sharing ....