TDS ON ACCOUNTING FEES

This discussion clarifies the applicability of Tax Deducted at Source (TDS) under Section 194J on accounting fees. It confirms that TDS is applicable if the fees paid exceed Rs. 30,000 to the same person. The applicability also depends on whether the payer is subject to an IT audit. Furthermore, the discussion touches upon whether a B.Com graduate accountant is considered a professional for TDS purposes, with differing opinions presented.