Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2014 Professional fees credited to an Account is Rs.25,000/- and Technical fees credited to an account is Rs. 29,000/-

My query is whether TDS u/s 194J will be deductible or not, since it exceed the Threshold limit of Rs.30,000/-

OR

We have to consider both the service independently and then deduct tax?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

25 March 2014 Both services fall within the purview of Section 194J and therefore both to be considered and TDS to be deducted on both Rs 25000/- and Rs 29000/-. (Provided the payment is made to same person).

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok