Tds on accounting charges paid to accountant

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rajneesh sharma (Querist)
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03 March 2012 Sir,

If anyone make a payment to accountant with whom a contract is made for a period of time for his services provided. What is applicable in this case (TDS/EPF/Service Tax).

C.P.CHUGH

C.P.CHUGH (Expert)
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04 March 2012 Well in case the services of Part Time accountant are provided with in your complex you being principal employer are liable to discharge your obligations under ESI and PF Act.

The Service PRovider is required to charge service tax, if he is registered under the Service Tax Act or he is liable to pay service tax.

In case the contract value exceeds threshold limit prescribed u/s 194C of the income-tax Act, you are also required to deduct and deposit tax at source.