Tds on fee to statutory auditors
This query is : Resolved
12 January 2016
Please clarify whether fees exceeding rs. 1 lac for statutory audit is liable for tds u/s 194 J of the IT Act.
12 January 2016
Yes Rs 1lac will be liable for tds @10% under 194J as professional fees exceeds Rs 30000/-
Ankur Singhal
(Expert)
12 January 2016
Yes agree with the learned expert.
TDS to be deducted u/s 194J.
TDS to be deducted u/s 194J.
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