Tds

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parth (Querist)
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03 March 2014 Also i was interested to know, u/s 194 J do we require to make a estimation at the start of the year about whether the limit of 30000 will be crossed or not? and if we do not make such estimate and at a later stage if it crosses than will we be held liable for interest on TDS?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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03 March 2014 Yes you need too make an estimate whether the total amount will exceed the specified limit.

If you have a contract which mentions the annual amount, then you CANNOT escape TDS liability.

However, if there is NO contract and the bills are NOT regular, then you can take a stand.

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parth

parth (Querist)
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03 March 2014 Thanks it was helpful

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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03 March 2014 You are welcome. You should use the thanks button to convey your thanks.

parth

parth (Querist)
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03 March 2014 I did it. May i have your mail Id in case of future queries?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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03 March 2014 My mail id is sidcoolguy007@gmail.com

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