Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2015 TDS is deductible while making payment for professional fee u/s 194J above 30,000. A friend of mine told me that it is not necessary to deduct TDS as the payee is a known person and pays his tax dues on time.
I want to know if this is acceptable, because as far as my knowledge goes, TDS deduction is the responsibility of the service receiver (payer).

Deepti Asawa

Deepti Asawa (Expert)
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27 April 2015 yes, tds deduction is the responsibility of the service receiver...but if he is not dedcuted TDS then he is liable to pay interest on TDS amount for non deduction of TDS amount

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 April 2015 In case of Individual and HUF not under 44AB Tax Audit during last year you may skip deducting TDS but in other cases TDS has to be deducted.