Urgent - Obligation to deduct tax

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Omkar Bhatkar (Querist)
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28 June 2016 Hi Friends, I have a que. There is a committee of resident ppl whose houses are going in redevelopment. they have some issues with builder and someone has told them to do structural audit of their area. They wud pay around 4.5 lacs for same. now that committee they have formed for such thing...Is that committee required to deduct tds on professional fees paid to that auditor??? plz guide on urgent basis. regards,

Rupesh Jain

Rupesh Jain (Expert)
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28 June 2016 for tds who's appoint the audit should deduct the tds if your receipts to be get audit under income tax act.

Omkar Bhatkar

Omkar Bhatkar (Querist)
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28 June 2016 now the committee is appointing the auditors...so is that committee required to deduct tds ?

Rupesh Jain

Rupesh Jain (Expert)
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28 June 2016 yes, society will responsible for tds

Amol S Joglekar

Amol S Joglekar (Expert)
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28 June 2016 what type of assiciation these resident people have amongst themselves? are the "society" Or"Apartment"...what is it?

Rupesh Jain

Rupesh Jain (Expert)
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28 June 2016 yes, society will responsible for tds

Omkar Bhatkar

Omkar Bhatkar (Querist)
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28 June 2016 actually its a comitte of residents against builder

Amol S Joglekar

Amol S Joglekar (Expert)
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29 June 2016 is it registered under any act?... from your query it seems that it is an INFORMAL orgnisation.......(Association of Person)

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