Tds deduction single bill execmption
This query is : Resolved
12 October 2011
what is the exempted amount in a single bill
For a professional consultancy charges?
For a professional consultancy charges?
12 October 2011
Rs.30000/-
Message likes :
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12 October 2011
There no such clause like single bill in case of TDS u/s 194J.
If the payment during the year exceeds Rs30,000 tds needs to be deducted @10%
If the payment during the year exceeds Rs30,000 tds needs to be deducted @10%
12 October 2011
We cannot project how much we are going to pay to him in a year... It is better to deduct TDS @ 10% for safer side if the contract between you and the consultant is continous one.
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