Tds on musicians.

This query is : Resolved

RAJIV (Querist)
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07 January 2013 We had organised a music event in our company. Musicians have sent bills for payment in two bills-
1. conveyance charges- Rs. 6000 (No original taxi bill attached)
2. Musical show presentation charges-Rs. 30000.

Please explain in details the position of TDS applicability.

Anand

Anand (Expert)
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07 January 2013 Please deduct TDS at 10% u/s 194J being Professional Services paid to Musicians.
The TDS will be deducted on entire Rs. 36,000/- since supporting documents are not provided for the conveyance.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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07 January 2013 194 J as it is professional services
on full amount 36000/-. because no supporting documents
if there is supporting documents and both bill are separate then TDS on 30000/- only.
and
if there is supporting docuements but bill is one then again TDS on full amount.
in your case TDS on 36000/-

RAJIV

RAJIV (Querist)
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07 January 2013 Dear Prashant,
Section 194J specifies threshold of Rs. 30000. That means no TDS till 30,000.
So If conveyance bill is separate and having supportings then Rs. 6000 will not be liable for TDS and Rs. 30000 will also be under threshold.

Pls check..

CA Prashant Gupta

CA Prashant Gupta (Expert)
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07 January 2013 Dear Rajiv
you are absolutely right
I was just explaining the effect of separate bills and I lost the amount consideration.
if 6000 has supporting and separate bill then 30000 is exempt as this doesn't over the limit of 194 J

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