Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2013
In Section 194J Limit of Rs 30000 is per Year or or per bill?
Please Explain me
Please Explain me
29 March 2013
Its per year per person
Suppose if you are paying to Mr.X Rs.15000/- and you are also paying to Mr.Y Rs.40000/-
then in case of Mr.X you wont have to deduct TDS
and in case of Mr.Y you have to deduct TDS because payment is more than Rs.30000/-
but after that if you Mr.X RS.30000/- then you have to deduct TDS on the whole amount
(i.e Rs 15000+30000)
so for every single person this exemption has to be seen restricted to RS.30000
Suppose if you are paying to Mr.X Rs.15000/- and you are also paying to Mr.Y Rs.40000/-
then in case of Mr.X you wont have to deduct TDS
and in case of Mr.Y you have to deduct TDS because payment is more than Rs.30000/-
but after that if you Mr.X RS.30000/- then you have to deduct TDS on the whole amount
(i.e Rs 15000+30000)
so for every single person this exemption has to be seen restricted to RS.30000
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