TDS
This query is : Resolved
09 March 2017
i am to pay an amount of 34,500/- (30000 + 4500 service tax) to CA for professional fees.
should i deduct TDS or not?
09 March 2017
TDS is applicable on amount above RS. 30K (gross amount exclusive of all other Taxes) u/s 194J in a year. So if that is the only payment u have done under professional fees then no need to deduct TDS. But if there r more transactions like that or there will b cases in future(in the same financial year) so that u may have to pay professional fees to the same CA then better to deduct from the same bill after consulting ur CA.
Message likes :
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09 March 2017
thanks for prompt reply.
09 March 2017
U r welcome Harish. If u like my reply then u can show ur appreciation by hitting the like button.
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