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TDS Deduction in case of Limit Exceeding in a Financial Year

This query is : Resolved 
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(Querist)
08 April 2022 Sir,


I want to know the TDS applicability in respect of the following payment to a professional (Sec. 194J)

Rs. 5000 (before Tax) on 04-05-21
Rs. 15000 (Before Tax) on 07-07-21
Rs. 5000 (before Tax) on 09-10-2021
Rs. 20000 Before Tax on 05-02-2022

The exemption limit available for professional payment was Rs. 30000 p.a. Here first three bills, because of not crossing the limit I have not deducted any tax and paid full amount to the party. But on receiving the last bill the TDS provision attracted and liable to deduct for the whole amount from the beginning.

Then here I want to know how can I deduct and pay the tax. Whether I have liable to pay with interest based on the bill date or deduct full amount of tax from the last quarter bill and pay without interest and show deduction details in the last quarter return. Because as per TDS provision liability arises at the time exceeding the exemption limit.

please clarify


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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 April 2022 Deduct full amount of tax from the last quarter bill and pay without interest and show deduction details in the last quarter return.
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