Section 194j
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2017
Sir how Tds will be deducted u/s 194J if a firm is making payment to following person
Mr. A 28000
Mr. B 45000
Mr. C 25000
Mr. D 56000
To other firm providing professional services 35000
How Tds will be deducted on above amts u/s 194J
Mr. A 28000
Mr. B 45000
Mr. C 25000
Mr. D 56000
To other firm providing professional services 35000
How Tds will be deducted on above amts u/s 194J
06 July 2017
Tds u/s 194J needs to be deducted only when the amount exceeds Rs. 30000/-. Hence, the tds of Mr. B and Mr. D and the other firm providing professional services only needs to be deducted @10% on whole amount i.e. 4500/-, 5600/- and 3500/- respectively.
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