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
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tds on payment to CA & other consultancy fees
Replies (2)
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
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.
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