194j
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2012
Limit in 194j is rs 30000.It is for single payment or more then 30000 in the financial year to same person. If a person pay rs 31000 to professional then he will deduct tds u/s 194j. but if he is paying 10000,10000 and 11000 then will tds be deducted/
CMA Ramesh Krishnan
(Expert)
05 February 2012
Section 194J applicable even different payment or credit to some person which likely to exceed Rs.30000,TDS apply
Dintakurthi Tirumala
(Expert)
05 February 2012
The limit is for the financial year and the TDS to be deduct @10% if pan no available otherwise 20% to be deduct at the time of payment or credit which is earlier.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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