Sec-194j

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 May 2012 if payment towards preofessional fees exceeds rs.75000 during the financial year,then on what amount TDS u/s-194J shall be deducted? whether on amount in excess of rs 75000 or on amount including rs.75000

CA Navin Jain

CA Navin Jain (Expert)
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28 May 2012 Limit under sec 194J is Rs. 30000.
Tds shall be deducted on amount in excess of Rs. 30000.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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28 May 2012 TDS would be deducted if the aggregate amount exceeds Rs. 30000 in a financial year. TDS would be deducted on entire sum i.e. on Rs. 75,000

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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28 May 2012 TDS would be deducted if the aggregate amount exceeds Rs. 30000 in a financial year. TDS would be deducted on entire sum i.e. on Rs. 75,000

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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28 May 2012 YES
TDS IS TO BE DEDUCTED ON WHOLE AMOUNT.

IF ANNUALLY EXCEED RS 75000.

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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28 May 2012 YES
TDS IS TO BE DEDUCTED ON WHOLE AMOUNT.

IF ANNUALLY EXCEED RS 75000.

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
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28 May 2012 YES
TDS IS TO BE DEDUCTED ON WHOLE AMOUNT.

IF ANNUALLY EXCEED RS 75000.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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28 May 2012 Dear Praveen,

Is there any change to the limit of Rs. 30000 ( other than Director's fees )under section 194J. Please clarify ( as you have mentioned if annually exceed Rs. 75000 ).

Thanks

Sanjay

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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28 May 2012 Dear Mr. Mukherjee,

there is no change in the limit. it is Rs. 30000 only.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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11 July 2012 Agreed with experts..

CA GAGAN KHARBANDA

CA GAGAN KHARBANDA (Expert)
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27 October 2012 director of pvt ltd. co . gets remuneration of Rs. 20000 p.m. total a 240000 for the year.
director have 100000 of saving proofs for claiming deduction u/s 80c.

Now, whether the co. should deduct tds u/s 194j.

pls. suggest.