21 February 2014
Hi Anand Firstly if you receive consultancy fees from a CA and pay him Rs 5000 pm and that CA does not have any PAN No. you have to deduct 20% as TDS. Since consultancy services fall u/s 194J upto Rs 30000 pa is exempt but inthis case you are paying Rs 60000(5000*12). you need to deduct TDS. But if the service provider does not have PAn you need to deduct TDS @ 20%.
CAclubindia
