Sec-194j

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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 (Expert)


28 May 2012

Limit under sec 194J is Rs. 30000.
Tds shall be deducted on amount in excess of Rs. 30000.

CA SANJAY MUKHERJEE (Expert)


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 (Expert)


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 (Expert)


28 May 2012

YES
TDS IS TO BE DEDUCTED ON WHOLE AMOUNT.

IF ANNUALLY EXCEED RS 75000.

CA PRAVEEN SINGH (Expert)


28 May 2012

YES
TDS IS TO BE DEDUCTED ON WHOLE AMOUNT.

IF ANNUALLY EXCEED RS 75000.

CA PRAVEEN SINGH (Expert)


28 May 2012

YES
TDS IS TO BE DEDUCTED ON WHOLE AMOUNT.

IF ANNUALLY EXCEED RS 75000.

CA SANJAY MUKHERJEE (Expert)


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 (Expert)


28 May 2012

Dear Mr. Mukherjee,

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

RAMESH KUMAR VERMA (Expert)


11 July 2012

Agreed with experts..

CA GAGAN KHARBANDA (Expert)


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.



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