26Q filing for TDS u/s 194J

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This discussion addresses the correct way to file a 26Q return when TDS under Section 194J is applicable to payments made to a Chartered Accountant. The user made two payments of £20,000 each, with the first payment falling below the threshold for TDS deduction. However, the second payment, made in January, brought the total over the £30,000 threshold, necessitating TDS deduction. The core issue is how to correctly report and bifurcate the deducted TDS on the 26Q form, especially considering potential interest implications if the filing is revised retrospectively.

CA Anmol Grover

CA Anmol Grover (Querist)
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09 May 2024 Payment made to Chartered Accountant for professional services provided by him on following dates:-
13/12/2023 Rs. 20,000.00 TDS not deducted as amount was less than threshold as per 194j
09/01/2024 Rs. 20,000.00 TDS deducted rs. 4,000.00(Rs. 2,000 on first payment+2,000 on second payment) on 09/01/2024 and deposited to govt. on 07/02/2024.
Now, while filing 26Q, how this 4000 has to be bifurcated for two payments?
If Q3 26Q is revised with entry dated 13/12/2023 & challan dated 07/02/2024 then interest will become payable on Rs. 2,000(on first payment) as the TDS should have been deposited before 07/01/2024.
Please guide on the above issue