Tds on professinal charge

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prema paudel (Querist)
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14 March 2014 Hello Friends,

when assessee pay professional fee of Rs. 5500/- in cash .

Than TDS is Applicable or not ?

But the profeesional fee to whom it is paid is not registered in Service Tax.

( Assesse has already paid more than 30000/- professional fee through cheque in same financial year.)

Thank You in Advance.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 March 2014 for aggrgate in FY if 75,000 is crossed then tds is deducted and for individual transaction it is 30,000 then tds is deducted.

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prema paudel

prema paudel (Querist)
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14 March 2014 It has already crossed more than 75000/- in the same FY

Is there any minimum amount of payment for professional charges below which TDS is not mandatorey?

For example payment for technical services to non registered service provider RS. 1500/-

Thank you

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 March 2014 yes refer sec 194J u will getb all the details as i mentioned above..

Sandeep Dharar

Sandeep Dharar (Expert)
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14 March 2014 Dear Prema

If a single transaction crosses the limit of Rs. 30000/- & transaction with the same party in the respective financial year crosses the limit of Rs. 75000/- then sec 194J will attract TDS..

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prema paudel

prema paudel (Querist)
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14 March 2014 Dear Sandeep Dharar

It means if we pay pofessional charge of 27500/- to a new party Service Provider.

Than TDS is applicable or not???

Note. Assesse in aggregate has already paid more than 2 lakhs amount as professional charge in the same financial year.

Please help me to clear this confusion.

Thank you.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 March 2014 yes then tds is applicable@ 10% u/s 194J in this case.

Sandeep Dharar

Sandeep Dharar (Expert)
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14 March 2014 If the amount of onlt 27500/- is paid to the party then no TDS is applicable. Try to understand..

Suppose U r my client & me ur professional adviser & u paid me Rs. 27500/- then u r not liable to deduct any TDS on 27500. But if in the FY I hv provided to u services amounting to Rs 76K then Service tax is applicable. like I hv provided services for suppose 27500 + 20000 + 15000 + 13500 = 76000, so TDS will b applicable.

Simply saying If transaction with the single party crosses the limit of Rs 75000 then TDS is applicable..

If u hv any query feel free to call at dhararsandeep@ymail.com

prema paudel

prema paudel (Querist)
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14 March 2014 Dear Tushar Sampath

Still i am confused

Whether threshold limit of professional charge 30000/- per FY is aggregate of Same Party or ( all the party) ??

Hope you got my confusion

waiting for reply

Thank you

Sandeep Dharar

Sandeep Dharar (Expert)
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14 March 2014 Prema provide ur mail ID i will mail u whole 194J....

prema paudel

prema paudel (Querist)
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14 March 2014 Dear Sandeep

Please send me at cacrazy@hotmail.com

Thank you

Sandeep Dharar

Sandeep Dharar (Expert)
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14 March 2014 Prema Chek ur mail id...

prema paudel

prema paudel (Querist)
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14 March 2014 Dear Sandeep.

I got your e-mail.

It is very Useful for me.

Thank you So much.