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
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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
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