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prasad joshi   23 June 2009 at 10:33

TDS on honorarium

I deliver lectures in a reputed institute.They pay me 'honorarium' as per the wording in written used by the Director of the institute itself .However there is no written contract between me and the institute.As per the Director, this is an excessive formality!!!Can the institute under such circumstances apply TDS on my honorarium? Is contract an excessive formality?This is not only my case; but a case of 43 visiting faculty members.
Please guide me in this matter.