TDS

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This discussion clarifies when Tax Deducted at Source (TDS) under Section 194J applies. It confirms that TDS is applicable for fees related to professional or technical services. The threshold for deduction is when the total payments during a financial year exceed £30,000, or if a single payment surpasses this amount. TDS must be deducted either when the expense is recorded in the accounts or upon making the actual payment, whichever occurs first.

sankar

sankar (Querist)
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08 February 2021 Sec 194J - when it is applicable and also threshold limit exceeds Rs.30,000/- during the year or Single Payment? . Kindly clarify the doubt

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 February 2021 TDS applicable when single payment and threshold exceed 30000.

CA.Pujah

CA.Pujah (Expert)
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09 February 2021 TDS u/s 194 J is applicable in case of fees for professional or technical services.
TDS is to be deducted when amount of payment during a year exceeds Rs. 30,000/-.

The tax should be deducted at the time of passing such entry in the accounts or making the actual payment of the expense, whichever earlier.

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