Tds on consultancy fee paid
This query is : Resolved
20 December 2013
If we pay consultancy charges of rs 15000 per month, whether TDS is deductible on the balance amount which exceeds the threshold limit of 75000/- per annum????please advice.
Thanks but, only on the excess of 30k we have to calculate the TDS, or on the whole value paid during the year.
Thanks but, only on the excess of 30k we have to calculate the TDS, or on the whole value paid during the year.
Ganeshbabu K
(Expert)
20 December 2013
on payment to consultancy service tds is required to be paid under section 194J
.
.
threshold limit is 30000 for year
.
.
hence in your case you have to deduct 10% on 15000 for every month
.
.
once threshold limit crossed tds applicable on all payments
.
.
threshold limit is 30000 for year
.
.
hence in your case you have to deduct 10% on 15000 for every month
.
.
once threshold limit crossed tds applicable on all payments
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