Tds
This query is : Resolved
31 October 2013
Audit Fees Fy-2012-13 Rs 20,000/-(Rs.10,000 from each sister concern co)to a CA-Firm for statutory & tax audit of two sister concern co.of an Limited company.
1.whether tax should be deducted at source in above case?
2.what is rate of TDS and threshold limit ?
1.whether tax should be deducted at source in above case?
2.what is rate of TDS and threshold limit ?
31 October 2013
TDS u/s 194J on professional fees,
The threshold limit is 30000 in a single payment and Rs. 75000 in aggregate in a year..
At the rate of 10 percent...
The threshold limit is 30000 in a single payment and Rs. 75000 in aggregate in a year..
At the rate of 10 percent...
31 October 2013
Sec 194J is not applicable as it is below the threshold limit, no tds to be deducted if only 20,000 during the year is to be paid.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- ASMT-10 received from A O
- Average Cost Of High Quality Diamonds
- Due Date Clarity
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- IT returns for fresh job holders
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
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
