Tds - on contract..

Sreenivas (Querist) 15 September 2012 This query is : Resolved
GENTLEMTN, I AM RETIRED AND DRAWING PENSION. I HAVE RECENTLY TAKEN UP AN CONTRACTUAL JOB AS CONSULTANT(FULL TIME).
I UNDERSTAND 10% TDS IS TO BE DEDUCTED. CAN ANY BODY TELL ME HOW TO GET BENEFIT OF EXEMPTION MY PENSION P.M. IS 15000(INCLUDING DA RELIEF).

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malipeddi jaggarao (Expert) 16 September 2012
10% TDS is mandatory while making payment for consultancy services irrespective of the fact that the consultant is a tax payer or not. You will have claim refund by filing IT return.

Sreenivas (Querist) 18 September 2012
How can we adjust. and what kind of expenses???

malipeddi jaggarao (Expert) 20 September 2012
Office Administration, stationery, travelling , vehicle expenses etc.

Sreenivas (Querist) 08 October 2012
Can i have a draft copy of Contract for Contractual employmentin Government of India...

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