Tds calculation
This query is : Resolved
22 November 2014
how am i supposed to calculate TDS in case of 194J? is 30,000 taken to be sum of all payments or just one payment which exceeds 30,000? kindly reply with relevant statutes, circulars, etc.
thanks in advance
thanks in advance
22 November 2014
Sum of all payments made during a Financial Year. If sum crosses Rs 30000/- then TDS to be deducted on total amount.
Refer Section 194J.
Refer Section 194J.
22 November 2014
it is consider all payment in a year
01 December 2014
u need to take aggregate payments made in the year.
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