Tds on account charges
This query is : Resolved
17 December 2012
On how much amount paid as accounting charges liable to deduct tds?
17 December 2012
Section 194J will be applicable.
Threshold Limit is Rs 30000/- p.a.
So if in a year Rs 30000/- or less is paid as accounting charges TDS is not required to be deducted. If amount paid is more than Rs 30000/- in a year TDS to be deducted on such total amount @10%.
Threshold Limit is Rs 30000/- p.a.
So if in a year Rs 30000/- or less is paid as accounting charges TDS is not required to be deducted. If amount paid is more than Rs 30000/- in a year TDS to be deducted on such total amount @10%.
17 December 2012
If the person who is doing accounting work is not a professional person then as per my knowledge it will fall under 194C.
In that case p.a. limit is rs 75000/- and single payment limit is rs 30000/-.
In that case p.a. limit is rs 75000/- and single payment limit is rs 30000/-.
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
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Cgst asmt - 10
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Surcharge applicability on LTCG loss
- ITR-U for AY21-22
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
