Deduction of TDS
This query is : Resolved
Rupayan Basak
(Querist)
17 April 2016
Mr X maintans books on cash basis. He earns professional income. He wants to make a payment amounting to Rs. 120000 in the year to a single party as professional charges in relation to his own business.
Can Mr X get away without deducting TDS just because he is maintaining books on cash basis ?
If not, there any other alternative way for him to get this expense allowed without deducting TDS?
Murtaza I Bhagat
(Expert)
18 April 2016
Party has to deduct tds on Professional charges (fees). you can claim refund or set off against your tax liability there is no issue with that.
Rupesh Jain
(Expert)
02 May 2016
if you are liable to take audit your books u/s 44AB. then you have to deduct the tds. otherwise not required to deduct tds.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
