TDS on professional fees

Dear Mr. Aditya

Thanks for your reply, If any expense has been booked wrongly under the expense head how it should be ractified later on?

tds @ 10%

U/s 194 j

10% under 194j

agreed with experts.

If a contract made with professional  for work, then also it is covered u/s 194J.

TDS rate is 10% under section 194j.

Rate of TDS is 10% u/s 194J

if there is contract made with professional for services den such services fall u/s 194J and tds to be deducted @ 10%

and tds is deducted at the time of advance payment or credit in account whichever is earlier,

if  you are providing advance payment of professional fee including audit expenses incurred by profesional then also you shall deduct tds on such payment because, tds is not deducted on reimbursement bill only when professional provide seperate bill for reimbursement of expenses.

if you are providing advance payment for audit expenses only , to be meet by professional then there is no need to deduct tax , but make sure that you will get seperate bill for such advance payment by professional.

hope your doubt is cleared  now.

TDS shall be deducted @ 10% u/s 194J.........

10.3%
 

yes rate of TDS on professional fees is 10% under section 194J but payment is more then 20000/-

rate of TDS is 10% u\s 194J

We deduct 10% TDS on a professional fee when we have PAN details.

20% in case PAN is not provided by the professional.

if they have been paid for expenses, FOR REIMBURSEMENT of expenses, then no TDS but if they are paid for their services charges then TDS deductible.