19 June 2015
I want to know TDS on professional fees if received May 2015 Rs. 25000 than received in Jun 2015 Rs.10000. so i am ask TDS deduct on Rs. 25000. or not.
19 June 2015
Pooja, S.194J states " amount paid or credited or likely to be paid or credited". The interpretation is that at the point of first payment if it is expected that the payment will exceed the limits TDS should be deducted then and there only.
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