At what rate TDS to be deducted on Provisioning of Year End Expenses - 7.5% or 10%
I have received Invoice -Audit Fee on 9 Apl-21 for Audit of FY - 20-21
Menu
TDS on Audit Fee Provisions
Replies (5)
Quick Summary
TDS on audit fees should be deducted u/s 194J @ 7.5% as invoices is received between 14.5.20 to 31.3.21 year end expenses
Sir, actual invoice received today on 9 Apl-21
1) Tax to be deducted at source, at the time of credit or date of payment, whichever is earlier.
2) Provision has been made during FY20-21 and hence tax to be deducted @ 7.5% in this case.
Note: Subsequent receipt of invoice is just a confirmation of the provisional entry.
Agree with you poornima madam
TDS u/s 194J @ 7.5% to be Deducted
Recent Topics :
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
Related Topics :
CAclubindia
