My firm issues a cheque for Rs 28000/- today towards
Advocate fees to Adv. Mr X. After three months the same Adv.
Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax
part u/s 194J of the I.T.Act? Do I have to pay TDS on the
first paid Rs 28000/- or ignore, or while paying him the 2nd
cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=.
Or on the other hand also pay Interest on TDS on Rs 28000/=
for delaying the payment? Trust the issue is crystal clear?
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Answer Posted / savithramma tv
If you know the total bill amount then you deduct TDS in one
shot or after knowing the total bill amount you have to deduct
TDS for professional service. i mean Rs.53000/=
| Is This Answer Correct ? | 3 Yes | 0 No |
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