does one require to deduct tds on Anual Audit fees of CA & fee paid to other consultantants or agency for there services of filling PF & ESI challans.
if yes at what rate.
clarify for both company ,partership firm,proprietor ship firm
anand (BUSINESS) (136 Points)
02 December 2010does one require to deduct tds on Anual Audit fees of CA & fee paid to other consultantants or agency for there services of filling PF & ESI challans.
if yes at what rate.
clarify for both company ,partership firm,proprietor ship firm
Devendra
(Chartered Accountant)
(4775 Points)
Replied 02 December 2010
Dear Anand,
Yes. TDS is to be deucted on payment made towards above mentioned services under section 194J.
TDS to bedeucted @ 10% in case of an Individual, HUF, Pvt Ltd. Co. or a Regd, P'ship Firm.
For A.Y 2011 - 2012, the threshold limit is30000 for a single bill and75000 for the aggregate amount of bill during the period under audit.
(And for A.Y 2010 - 2011, the threhold limit for single bill is20000 and aggregate amount of bill is50000.)
Regards,
Devendra P Kulkarni
vinay
(article)
(22 Points)
Replied 03 December 2010
Hello,
if u make any payment regards professional fees during the year which is single or aggregate exceeding rs 30000. shall be liable to deduct tds u/s 194j for a.y.11-12 (previously it is rs. 20000). @ 10%.
The answer given by dev is wrong tht mix sec 194c & 194J.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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