tds on payment to CA & other consultancy fees

Dear Anand,

Yes. TDS is to be deucted on payment made towards above mentioned services under section 194J.

TDS to bedeucted @ 10% in case of an Individual, HUF, Pvt Ltd. Co. or a Regd, P'ship Firm.

For A.Y 2011 - 2012, the threshold limit is30000 for a single bill and75000 for the aggregate amount of bill during the period under audit. 

(And for A.Y 2010 - 2011, the threhold limit for single bill is20000 and aggregate amount of bill is50000.)

Regards,

Devendra P Kulkarni

Hello,

if u make any payment regards professional fees during the year which is single or aggregate exceeding rs 30000. shall be liable to deduct tds u/s 194j for a.y.11-12 (previously it is rs. 20000). @ 10%.

The answer given by dev is wrong tht mix sec 194c & 194J.