Dear Sir/Madam,
My query is whether RCM on legal services is applicable to recipient like unregistered (Charitable Trust).
I thanks for your prompt response
Menu
RCM on Legal Services
Replies (1)
Legal services by an individual advocate including senior advocate and firm of advocates to any business entity located in taxable territory attracts RCM.
However, an exemption is provided by law:
Services provided by individual advocate, senior advocate or firm of advocates to a business entity with an aggregate turnover of 20 lacs in proceeding financial year.
Business entity means any person carrying out business.
In your case RCM will be applicable if turnover of the charitable trust exceeds threshold of 20 lacs in PFY.
Regards,
Nihit Somani
However, an exemption is provided by law:
Services provided by individual advocate, senior advocate or firm of advocates to a business entity with an aggregate turnover of 20 lacs in proceeding financial year.
Business entity means any person carrying out business.
In your case RCM will be applicable if turnover of the charitable trust exceeds threshold of 20 lacs in PFY.
Regards,
Nihit Somani
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
