Consider Mr.X. He is an audior for a trader of computers. Mr.X gets computers for Rs.25,000 against his fees. Should the trader deduct tax u/s.194J?
Menu
TDS on professional services
Replies (3)
If provision of TDS is applicable to that trader then he will be liable to deduct TDS u/s 194J.
If Mr X gross receipt exceeds Rs. 40 lakhs then he is subject to deduction of Tds u/s 194J
Yes. TDS will be deducted as per provison of section 194J. Mode of payment does not effect the TDS deduction liability.
Recent Threads
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of itr form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
Related Threads
CAclubindia
