Tds limit for proffessional

This query is : Resolved 

20 January 2012 sir

WE HAVE RECVD.THREE BILLS RS.4918/-4612/-20000/- FOR YR.11-12 SHOULD WE DEDUCT THE TDS ON ABOVE BILLS? WHAT IS THE RATE?

FROM

MANOJ KR.VERMA

20 January 2012 Sec 194J will be applicable.

Rate: 10%

Threshold Limit= Rs 30000/- p.a.

Therefore you are not required to Deduct TDS on the above bills as the amount is below threshold limit.


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