tds on audit fees
This query is : Resolved
24 June 2010
hi...
when audit fees are paid by a co-operative society to the auditor who conducts statutory audit , is tax required to be deducted at source ?
when audit fees are paid by a co-operative society to the auditor who conducts statutory audit , is tax required to be deducted at source ?
CMA Ramesh Krishnan
(Expert)
24 June 2010
Yes.If it is exceed the thershold limit,you need to deduct tds
27 June 2010
here the audit has been done as per co-operative societies act.. so the audit fees paid is payment made to the government.. so does tax have to be deducted when the payment is to the government?
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