Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 IF CA IS ASSOCIATED WITH TAX CONSULTANT AND GETTING HIS REMUNERATION PM FOR SIGN AND WORK WITHOUT DEDUCTING TDS
TAX CONSULTANT IS NOT LIABLE TO DO AUDIT HIS ACCOUNTS U/S 44 AB

THEN HERE IN THIS SITUATION TDS SHOULD NOT BE DEDUCTED U/S 194 J

IS IT CORRECT??

PLEASE LET ME KNOW

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 Yup dear if the limit crosses under the respective section then TDS must b deducted.

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 WHICH LIMIT SIR ....
YOU ARE TALKING ABOUNT TURNOVER LIMIT U/S 44 AB OF TAX CONSULTANT OR
194 J LIMIT FOR PROFESSIONAL SERVICES

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 WHICH LIMIT SIR ....
YOU ARE TALKING ABOUNT TURNOVER LIMIT U/S 44 AB OF TAX CONSULTANT OR
194 J LIMIT FOR PROFESSIONAL SERVICES

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 TDS is not related to turnover, if the limit crosses TDS must b deducted, whether 44AD applicable or not.

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 I KNOW SIR
BUT IN 194 J SECTION THERE IS MENTION THAT IF INDIVIDUAL /HUF NOT LIABLE FOR TAX AUDIT THEN NO NEED TO DEDUCT TDS

PLEASE CLARIFY THIS

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 but if the person is not liable to audit, he is not required to deduct TDS @ Sandeep ji

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 Can u share the link or the knowledge from where u have read that if Individual is not liable for TA then no TDS should b deducted??

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 Yes Ankit Ji, u r right, but here in the case TDS is to b deducted by the deductor while making payment to CA, and CA is not liable 4 TA, so y the deductor will not deduct the TDS???

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 http://www.lessmytax.com/persons-liable-to-deduct-tax-at-source-tds/

read this dear

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 The payer must deduct TDS while making payment to CA. And it is for personal purpose only on which TDS should not b deducted.

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2015 sandeep sir both are not liable for tax audit
tax aconsultant as well as Ca
tax consultant is registered under business & profession
ca is getting remuneration pm for sign and work

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 http://www.eserviceshelp.in/tds-on-fees-for-professional-or-technical-services-section-194j/

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 Sandeep sir i have 9 companies and one propirtor firm under me...

we hired some professinal services from experts.. payment is in lakhs..

stil we are deducting tds for all companies but not for the firm becauase we are not liable for tax audit in previous year

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 In that case if both are not liable to for 44 AB then TDS must not b deducted.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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21 April 2015 may b.... u r right.. but i think a bit more clarification needed... i wil check ur point of way also.... surely...

Sandeep Dharar

Sandeep Dharar (Expert)
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21 April 2015 Sure Ankit Ji, sure......................

:)

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