a person providing consultancy services to a company and this company is the only cliend that he has. he used to go there everyday and working there but he gets his amount as a consultant. On this amount TDS is deducted u/s 194J. my question is whether 44AB is applicable to him and whether he's liable to pay the service tax????
Nature of consultancy is not described. Assume that the same falls within the definition of management consultant, it is liable to service tax . But basic exemption of Rs.10L is available.
He is providing consultacy services in each and every matter related to finance, business management etc.. Till today he has not paid any service tax as well as has not registered him self under service tax rules.
if his gross receipts is oabove 10L then he is liable to pay service tax, under business auxilary services.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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