13 October 2013
hi
I received professional services from tax consultant he gave me two invoices
first shows Rs.20000 statutory fees
second shows Rs.11000
as consultancy charges
then
kindly tell me
should I deduct tax at source?
under which section?
14 October 2013
Since the aggregate bills and payment is exceeding the threshold limit under sec.194J Rs.30000/- so as advised by experts TDS need to be deduct on Rs.31000 while making payment on Rs.11000/-
14 October 2013
You should have given the cheque after deducting TDS. In any case now you have to deposit TDS of Rs 3100/- to avoid disallowance of exependiture of Rs 31000/-