Urgent - Obligation to deduct tax
This query is : Resolved
28 June 2016
Hi Friends,
I have a que. There is a committee of resident ppl whose houses are going in redevelopment. they have some issues with builder and someone has told them to do structural audit of their area. They wud pay around 4.5 lacs for same.
now that committee they have formed for such thing...Is that committee required to deduct tds on professional fees paid to that auditor???
plz guide on urgent basis.
regards,
28 June 2016
for tds who's appoint the audit should deduct the tds if your receipts to be get audit under income tax act.
28 June 2016
now the committee is appointing the auditors...so is that committee required to deduct tds ?
28 June 2016
yes, society will responsible for tds
28 June 2016
what type of assiciation these resident people have amongst themselves? are the "society" Or"Apartment"...what is it?
28 June 2016
yes, society will responsible for tds
28 June 2016
actually its a comitte of residents against builder
29 June 2016
is it registered under any act?... from your query it seems that it is an INFORMAL orgnisation.......(Association of Person)
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