Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2012 Hi ,

Professional fee 10000,OPE 2000,

Should we deduct TDS only for Professional fee U/s 194J or including for OPE ?Please guide me..

Thanks In Advance.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 March 2012 Section 194J Applicable.
Threshold limit Rs 30000/- p.a.

TDS to be deducted only if threshold limit is crossed. If consolidated bill is given TDS @10% needs to be deducted on total amount i.e Rs 12000/-.

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