TDS on accounting charges

Please tell me under which section TDS of accounting Charges will be deducted? whether in 194C or 194J?

Replies (15)

Dear anurag

TDS on accounting charges should be deducted U/S 194J as nature of payment was professional work.

CA shriniwas Khadloya 

yes under professional charges

194 J ( As Accounting needs study)

Under Section 194J, it is specified that it includes the specified professions including those under Section44AA. Even though it is not included as profession for non CAs under Sec.44AA, still it can be taken as the profession under the head other such professions under Section 194J. Hence, in my opinion, TDS should be deducted under Sec.194J.

Agree with above......

yes under 194 j

Thanks to all of you for resolving my problem. have a nice day.

I too agree it can be consider under 194J

dear all,

              i agree with the experts view but my question that it is not mention that accounting charges is paid to Some professional. I mean that this may be paid to Some accountant as well for maintanence of Accounts, then it is not passible to deduct TDS u/s 194J. Then relevant section will be Sec 192.

 

Correct me if i am Wrong

Thanks

Yes if paid to accountant tha TDS should not be deduct but in other case TDS is to be deduct.

Sec 192 is about TDS on salary,

so if amount paid to the employee than you should deduct TDS U/S 192 otherwise it will come U/S 194J Fees for professional services or technical services. Accounting is professional services it is not a labour job/service/work.

CA Shriniwas Khadloya

yes...

TDS IS TO BE DEDUCTED U/S 194 J,PROVIDED ACCOUNTING CHARGE,IS PAID TO PROFESSIONALS.....

IF PAID TO ACCOUNTANTS....TREATED AS EMPLOYEE...IN THIS CASE TDS IS TO BE DEDUCTED U/S 192,TDS OF SALARY.....

Originally posted by : CA PRAVEEN SINGH

yes...

TDS IS TO BE DEDUCTED U/S 194 J,PROVIDED ACCOUNTING CHARGE,IS PAID TO PROFESSIONALS.....

IF PAID TO ACCOUNTANTS....TREATED AS EMPLOYEE...IN THIS CASE TDS IS TO BE DEDUCTED U/S 192,TDS OF SALARY.....

Agree..........

Agree With Praveen Sir.

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