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TDS on payment of stock audit fees by bank
a bank is making payment to an independent auditor of amount 23000.is the limit of 30000 for deducting tds for single payment to single party or not?
Replies (4)
no tds is attracted
No, if limit exceeds then tds will be deduction u/s 194J.
thanks for reply . one more query, does the stock audit fees become the expense of bank or can it be recovered from the customer's account?
it is bank expense.
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