Is fee paid to Non-Professional accountant subject to TDS
TDS on fee of Non-Professional accountant is mandatory. The payment made to a non-professional accountant is subject to Tax Deducted at Source (TDS) as per Section 194J of the Income Tax Act, 1961. The applicable TDS rate for non-professional services is 10%, with a reduced rate of 7.5% (from 14th May 2020 to 31st March 2021) due to relief measures amid the Covid-19 pandemic. However, TDS do not require if the total payment or credit to the non-professional accountant does not exceed Rs. 30,000 within a financial year. It is the responsibility of the payer to deduct the TDS. And remit it to the government within the specified due dates.
For site:https://www.incometax.gov.in
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