Professional Fees for
FY 2018-19 Rs. 14,000/- bill dated 31/01/20
FY 2019-20 Rs. 14,000/- bill dated 31/01/21
FY 2020-21 Rs. 14,000/- bill dated 15/02/22
Amount paid in FY 2021-22 was Rs. 35,000/-
Whether TDS is required to be deducted
4 Replies
Shashank S Gore
(Audit Accounts & Tax Consultant)
(48 Points)
Replied 27 May 2022
If single of 35000 then TDS is to be deducted
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 27 May 2022
Was it turnover for 3 years or exp ?
If it is single payment for a single person then Tds is applicable .
You need to check the tax audit applicability in preceding FY
If it is single payment for a single person then Tds is applicable .
You need to check the tax audit applicability in preceding FY
Nidhi
(Chief Accountant)
(3150 Points)
Replied 27 May 2022
If Amount paid against that three bill of previous years in FY 21-22, than No TDS
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 27 May 2022
If past bills are paid in FY-2021-22 then tds is not applicable since each bill is below 30000/- and ceiling is applicable per year
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