Professional Fees for
FY 2018-19 Rs. 14,000/- bill dated 31/01/20
FY 2019-20 Rs. 14,000/- bill dated 31/01/21
FY 2020-21 Rs. 14,000/- bill dated 15/02/22
Amount paid in FY 2021-22 was Rs. 35,000/-
Whether TDS is required to be deducted
Menu
TDS on Professional Fees Sec 194J
Replies (4)
Quick Summary
If single of 35000 then TDS is to be deducted
Was it turnover for 3 years or exp ?
If it is single payment for a single person then Tds is applicable .
You need to check the tax audit applicability in preceding FY
If it is single payment for a single person then Tds is applicable .
You need to check the tax audit applicability in preceding FY
If Amount paid against that three bill of previous years in FY 21-22, than No TDS
If past bills are paid in FY-2021-22 then tds is not applicable since each bill is below 30000/- and ceiling is applicable per year
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
