TDS

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This discussion concerns the deduction of Tax Deducted at Source (TDS) on professional fees paid to a sales tax consultant. The consultant has issued two invoices dated 25.03.2021 for Rs. 30,000 and Rs. 10,000, respectively. A previous payment of Rs. 15,000 was made without TDS. The query is whether TDS needs to be deducted on these invoices, considering the annual threshold limit of Rs. 1,00,000 and a per-invoice limit of Rs. 30,000 under Section 194J.

manisha

manisha (Querist)
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31 March 2021 Dear Sir

We have received two invoices with same invoice date from our sale tax consultant
Invoice Rs.30000 DT 25.03.2021
Invoice Rs.100000 DT 25.03.2021
We have to deduct TDS or not. If yes then during year he also raised on invoice amount of Rs.20000/- and we have paid wihtout TDS deduction. now we have to deduct TDS on the same also or not

Please revert on the same

Ganeshbabu K

Ganeshbabu K (Expert)
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31 March 2021 reduce TDS under section 194J on total payment 150000

manisha

manisha (Querist)
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31 March 2021 Dear Sir We have received two invoices with same invoice date from our sale tax consultant Invoice Rs.30000 DT 25.03.2021 Invoice Rs.10000 DT 25.03.2021 We have to deduct TDS or not. If yes then during year he also raised on invoice amount of Rs.20000/- and we have paid wihtout TDS deduction. now we have to deduct TDS on the same also or not Please revert on the same

Ganeshbabu K

Ganeshbabu K (Expert)
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31 March 2021 reduce tds on all bills in next payment as it exceeds threshold limit

manisha

manisha (Querist)
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31 March 2021 Sir,
Threshold limit is Rs.100000/- per year and Rs.30000/- Per invoice
In my case there is two Invoice with same bill date with amount of Rs.30000 & Rs.10000.

and before this invoice we have paid him Rs.15000/- against his earlier invoice

manisha

manisha (Querist)
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31 March 2021 Sir, Threshold limit is Rs.100000/- per year and Rs.30000/- Per invoice In my case there is two Invoice with same bill date with amount of Rs.30000 & Rs.10000. and before this invoice we have paid him Rs.15000/- against his earlier invoice

Ganeshbabu K

Ganeshbabu K (Expert)
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31 March 2021 You received invoice from tax consultant, hence it is payment of professional fee

applicable section 194J

Threshold limit is 30000 per year

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