TDS ON ACCOUNTING FEES

Is TDS u/s 194J applicable on Accounting fees paid Rs. 40,000 to same person???
Replies (6)
Quick Summary
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.

Yes, TDS u/s 194J applicable provided the person paying fee (being individual/HUF) is subject to IT audit.

Yes TDS is applicable as fees is greater than 30000 rupees
Does B.com pass Accountant be considered as professional ?
Nerds are not to be considered as professionals shivani. deduct only 2% for accountant
B.Com pass Accountant can be considered professional when he can pass the respective Examination
Yes, TDS applicable

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