TDS ON ACCOUNTING FEES

shivani (student) (210 Points)

10 May 2021

Is TDS u/s 194J applicable on Accounting fees paid Rs. 40,000 to same person???

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6 Replies

CMA Poornima Madhava (CMA) (13097 Points)
Replied 10 May 2021

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

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 10 May 2021

Yes TDS is applicable as fees is greater than 30000 rupees

shivani (student) (210 Points)
Replied 11 May 2021

Does B.com pass Accountant be considered as professional ?

veerendar singh (tax consultant) (3301 Points)
Replied 11 May 2021

Nerds are not to be considered as professionals shivani. deduct only 2% for accountant

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 12 May 2021

B.Com pass Accountant can be considered professional when he can pass the respective Examination

manikanta juluri (student) (47 Points)
Replied 13 May 2021

Yes, TDS applicable

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