Tds 194j -

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DALPAT R GOYAL (Querist)
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30 April 2014 Dear Sir ,

my query is in respect of TDS U/s 194J for Professional fees paid .... as per recent circular No.1/2014 TDS is to be deducted after excluding Service Tax element provided the same should be mentioned in the Invoice

but in my query the amount Rs.32584/- with service tax but if i Exclude service tax than the amount is Rs.29000/- should i be liable to deduct TDS as section 194J is providing Limit of Rs.30000/-..

Sandeep Dharar

Sandeep Dharar (Expert)
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30 April 2014 In that case no Service Tax should b deducted.

Rupesh Jain

Rupesh Jain (Expert)
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30 April 2014 as per circular 1/2014
service tax not include in tds deductible amount. tds will be deductible Rs. 29000/-
but if limit is not over rs. 30000/-
then no need to deduct TDS.

DALPAT R GOYAL

DALPAT R GOYAL (Querist)
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06 May 2014 But sir as per the circular it is mentioned that only service tax is to be excluded while deducting TDS U/s 194J but nothing is mentioned or explained in respect of timing when the liability will arise .. when a person can liable to deduct the TDS ...whether he is liable to deduct TDS when he received Invoice and entry is passed showing Service tax separately and the amount excluding Service tax is below the prescribed limit of Rs.30000/- is he still liable to deduct TDS .....

Sandeep Dharar

Sandeep Dharar (Expert)
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07 May 2014 No TDS should b deducted since the amount do not cross the limit mentioned under section 194J. And TDS should b deducted on the amount exclusive of ST.

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