09 January 2014
tds applicable if total amount credited to auditor account is more than 30000 in a single year . . there is no exemption for 1st yearaudit . . once total payments exceeds 30000 tds 194J has to be made mandatorily other wise expence will be disallowed
Querist :
Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
No, you've not got the question. I am asking for the overall TDS Criteria , not particularly for professional fees.
my question is, why Tds is not applicable in the year inwhich assesee goes for the First time audit( when turnover exceeds one crore)