Part Time accountant service



How should be part time accounting treated and is it liable for TDS.
 
Reply   
 
"Do the Right Thing...!!!"

Yes... It's liable to TDS if it's considered under employment/consulting
 
Reply   
 
Accountant & Auditor

Professional fees liable to TDS u/s 94J @ 10%.


Total likes : 1 times

 
Reply   
 
"Do the Right Thing...!!!"

If consulting then TDS will be deductible u/s 194J
 
Reply   
 

If professional fees paid or credited to your account in aggregate during the FY is not more than 30000/- by each party - in that case no TDS is required under 194J.

Otherwise 10% TDS under 194J
 
Reply   
 

@ pravin tds certificate is required by the deductee.
the tax deducted needs to be claimed back after he files his return.
 
Reply   
 

Please address your post to the querist.
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU