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Tds on account charges

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17 December 2012 On how much amount paid as accounting charges liable to deduct tds?

17 December 2012 Section 194J will be applicable.
Threshold Limit is Rs 30000/- p.a.

So if in a year Rs 30000/- or less is paid as accounting charges TDS is not required to be deducted. If amount paid is more than Rs 30000/- in a year TDS to be deducted on such total amount @10%.

17 December 2012 If the person who is doing accounting work is not a professional person then as per my knowledge it will fall under 194C.

In that case p.a. limit is rs 75000/- and single payment limit is rs 30000/-.




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