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For deduct tds

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(Querist)
21 February 2014 I take consultancy services of rs 5000 from a CA who have not pan no. on this case tds will deduct @ 10 percent or not.
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CA Nitesh

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CA Nitesh (Expert)
21 February 2014 Hi Anand
Firstly if you receive consultancy fees from a CA and pay him Rs 5000 pm and that CA does not have any PAN No. you have to deduct 20% as TDS.
Since consultancy services fall u/s 194J upto Rs 30000 pa is exempt but inthis case you are paying Rs 60000(5000*12). you need to deduct TDS. But if the service provider does not have PAn you need to deduct TDS @ 20%.
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