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Tds calculation

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(Querist)
22 November 2014 how am i supposed to calculate TDS in case of 194J? is 30,000 taken to be sum of all payments or just one payment which exceeds 30,000? kindly reply with relevant statutes, circulars, etc.

thanks in advance
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
22 November 2014 Sum of all payments made during a Financial Year. If sum crosses Rs 30000/- then TDS to be deducted on total amount.

Refer Section 194J.
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Rupesh Jain

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Rupesh Jain (Expert)
22 November 2014 it is consider all payment in a year



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 December 2014 u need to take aggregate payments made in the year.

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