I am not a tax expert .I have a query wrt income tax.
a. I am an independent professional and currently my accounts neednt be audited under sec 44B. If I have to pay professional fees to people, am I obliged to deduct TDS on that? I understand that I need not deduct TDS if the total payment in the year is less than Rs.30000. If I do not deduct TDS , can I claim these payments as deductions from my gross income? Should I have a TAN to claim deduction ( of prof. fees paid) even if I do not deduct TDS on the same? Can the deduction be allowed by ITD if I file quarterly return ( under my TAN) in which I show the fees paid to professionals ( under Rs.30,000 ) with their PAN but zero tax deducted ?
b. My PAN is assessed at Delhi. However I have shifted to Pune and got the address changed in PAN record. Yet my ITR-4 return shows my AO at DEL/78//W/1. In such case, is it necessary to apply for TAN with AO at DEL or Pune?
Please help.
Ganesh.
CAclubindia
