TDS ON ACCOUNTING FEES
shivani (student) (210 Points)
10 May 2021
Is TDS u/s 194J applicable on Accounting fees paid Rs. 40,000 to same person???
6 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 May 2021
Yes, TDS u/s 194J applicable provided the person paying fee (being individual/HUF) is subject to IT audit.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 May 2021
Yes TDS is applicable as fees is greater than 30000 rupees
shivani
(student)
(210 Points)
Replied 11 May 2021
Does B.com pass Accountant be considered as professional ?
veerendar singh
(tax consultant)
(3301 Points)
Replied 11 May 2021
Nerds are not to be considered as professionals shivani. deduct only 2% for accountant
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 May 2021
B.Com pass Accountant can be considered professional when he can pass the respective Examination
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