my frnd rcvd 69lacs and tds got deducted under 194j at 10% for software consultancy services.....its shown in 26as....not registerd under gst during the f.y and i yhink tax audit is applicable
what are income tax and gst issues for that...???
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A user's friend received a significant payment for software consultancy services, with TDS deducted under Section 194J at 10%. The recipient was not registered for GST during that financial year and may be liable for a tax audit. The discussion seeks to clarify the potential income tax and GST issues arising from this situation, particularly regarding the nature of the receipt as professional fees.