Tds on notary charges
This query is : Resolved
17 February 2014
please anybody tell me urgently, is tds applicable for notary charges paid to advocate?
we have paid rs. 25000 notary charges. is tds applicable and what is the rate
18 February 2014
Dear Sumit,
According to Sec 194 J , TDS for professional services should be deducted @ 10 % if such fees is likely to exceed Rs 30,000 in a financial year. In your case if it is just Rs 25,000 in a year, then you need not deduct TDS.
Exception:
Individuals/ HUF need not deduct TDS for professional services, if they are not liable for tax audit.
According to Sec 194 J , TDS for professional services should be deducted @ 10 % if such fees is likely to exceed Rs 30,000 in a financial year. In your case if it is just Rs 25,000 in a year, then you need not deduct TDS.
Exception:
Individuals/ HUF need not deduct TDS for professional services, if they are not liable for tax audit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Whether still royalty
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Residential status for filling income tax returns in India
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
