Comments on: Notification on Applicability of TDS u/s. 194J of IT Act’ 1961 in the case of transactions by the TPAs with Hospitals etc http://taxguru.in/income-tax/notification-on-applicability-of-tds-us-194j-of-it-act-1961-in-the-case-of-transactions-by-the-tpas-with-hospitals-etc.html Complete Tax Solution Sun, 27 May 2012 03:49:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: sujatha http://taxguru.in/income-tax/notification-on-applicability-of-tds-us-194j-of-it-act-1961-in-the-case-of-transactions-by-the-tpas-with-hospitals-etc.html#comment-484368 sujatha Tue, 14 Feb 2012 06:45:24 +0000 http://www.taxguru.in/?p=15375#comment-484368 If we appoint professional or retainer and pay him retainer ship fee what is the tax / tds to be deducted (as per my knowledge it is 10%) but I do not have the clause. Is it correct, could you please throw some light on this subject. If we appoint professional or retainer and pay him retainer ship fee what is the tax / tds to be deducted (as per my knowledge it is 10%) but I do not have the clause. Is it correct, could you please throw some light on this subject.

]]> By: s k Sinha http://taxguru.in/income-tax/notification-on-applicability-of-tds-us-194j-of-it-act-1961-in-the-case-of-transactions-by-the-tpas-with-hospitals-etc.html#comment-472245 s k Sinha Fri, 25 Nov 2011 14:34:58 +0000 http://www.taxguru.in/?p=15375#comment-472245 Dear Sir, I wanted to know the relevant section under I.T.Act, under which TDS shall be deducted under I.T.Act for those who is employed on contractual basis (as a consultant ) in govt owned society in Health sector(State or Central).If the person is MBA,CA(Semi-Qualified),Medical officer, Accountant(B.Com passed),Nurse.Please let me know the rate applicable for the payment made during current F.Y.11-12.So far i understand Section-194 (10% TDS) is applicable under this circumstance.Please note as per existing practise the person employed is required to sign an agreement with appointing authorities on non-judicial stamp paper, and the tenure of employment my be for 1/2/3 Years with this condition that if the performance of individual will found satisfactory, then the period may be extended/renewed for another terms.PLEASE GUIDE Me. Thanx,Reply QUICKly. Dear Sir,
I wanted to know the relevant section under I.T.Act, under which TDS shall be deducted under I.T.Act for those who is employed on contractual basis (as a consultant ) in govt owned society in Health sector(State or Central).If the person is MBA,CA(Semi-Qualified),Medical officer, Accountant(B.Com passed),Nurse.Please let me know the rate applicable for the payment made during current F.Y.11-12.So far i understand Section-194 (10% TDS) is applicable under this circumstance.Please note as per existing practise the person employed is required to sign an agreement with appointing authorities on non-judicial stamp paper, and the tenure of employment my be for 1/2/3 Years with this condition that if the performance of individual will found satisfactory, then the period may be extended/renewed for another terms.PLEASE GUIDE Me. Thanx,Reply QUICKly.

]]> By: S Anil Kumar http://taxguru.in/income-tax/notification-on-applicability-of-tds-us-194j-of-it-act-1961-in-the-case-of-transactions-by-the-tpas-with-hospitals-etc.html#comment-404453 S Anil Kumar Wed, 11 May 2011 09:37:38 +0000 http://www.taxguru.in/?p=15375#comment-404453 Sir We are paying honorarium for visiting faculty, I would like to know what is the % of TDS to be deducted, under which section it covers and what is the limit i.e. if the Amount Exceeds Rs.20000/- we have to deduct or if the amount exceeds Rs.30000/- we have to deduct the TDS. Kindly Clarify Anil Kumar Sir

We are paying honorarium for visiting faculty, I would like to know what is the % of TDS to be deducted, under which section it covers and what is the limit i.e. if the Amount Exceeds Rs.20000/- we have to deduct or if the amount exceeds Rs.30000/- we have to deduct the TDS.

Kindly Clarify

Anil Kumar

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