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Accounting

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12 September 2014 We have incorporated a pvt ltd company

incurred expense e.g.
1. Govt Fees Rs.18000
2. Professional Fees Rs.16000

Now we have given cheque of Rs.34000

whether TDS liable on this Rs.16000 because i know it will cross 30000 in entire year

further
whether I accounted for entire Rs.34000 as Preliminary Exp.


guide me
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
12 September 2014 Dear Neha,

1.) Answer to your first question is yes, if you know professional fees are going to cross the thresh hold limit you have to deduct tax u/s 194J @10%.

2.) If both of the expenses mentioned are incurred prior to incorporation of co. then both expenses has to be treated as Preliminary exp.
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