banner_ad

TDS on Audit Fee Provisions

Others 962 views 5 replies
User Avatar

Account Officer
653 Points Posted on 09 April 2021
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
0 Reply Share Follow
On 09 April 2021 at 12:38 Report
Replies (5)
User Avatar

Chartered Accountant
24588 Points Posted on 09 April 2021
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
Reply
On 09 April 2021 at 12:47
User Avatar

Account Officer
653 Points Posted on 09 April 2021
Sir, actual invoice received today on 9 Apl-21
Reply
On 09 April 2021 at 13:20
User Avatar

CMA
13117 Points Posted on 09 April 2021
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.
Reply
On 09 April 2021 at 13:31
User Avatar

2742 Points Posted on 09 April 2021
Agree with you poornima madam
Reply
On 09 April 2021 at 23:35
User Avatar

Chartered Accountant
24588 Points Posted on 11 April 2021
TDS u/s 194J @ 7.5% to be Deducted
Reply
On 11 April 2021 at 05:49


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details