TDS & Tax Audit Applicability
This query is : Resolved
28 September 2021
Dear Professionals,
One of our client engaged in providing professional services. During the F.Y 2019-20 he has audited due to Clause 44AB(d )- Profits and gains lower than deemed profit u/s 44ADA.(Turnover Approx. 24 Lacs).
And during the F.Y 2020-21 He has paid to another professional Approx. 1 lacs.
Now in that case Do we have to deduct TDS on payment made to another professional ?
(As per law interpterion:-Provided further that an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed [one crore rupees in case of business or fifty lakh rupees in case of profession] during the financial year immediately preceding the financial year in which such sum by way of fees for professional services )
One of our client engaged in providing professional services. During the F.Y 2019-20 he has audited due to Clause 44AB(d )- Profits and gains lower than deemed profit u/s 44ADA.(Turnover Approx. 24 Lacs).
And during the F.Y 2020-21 He has paid to another professional Approx. 1 lacs.
Now in that case Do we have to deduct TDS on payment made to another professional ?
(As per law interpterion:-Provided further that an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed [one crore rupees in case of business or fifty lakh rupees in case of profession] during the financial year immediately preceding the financial year in which such sum by way of fees for professional services )
28 September 2021
No. Not liable to deduct TDS u/s. 194J, in FY 2020-21.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
