Tds on professional fees

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Mekhala (Querist)
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05 December 2013 DearSir,

TDS is deucted on Professional fee/techinical fees. When is this applicable? when amount exceeds 20000/- or 30000/- for FY 13-14.

CA Kunal Kourani

CA Kunal Kourani (Expert)
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05 December 2013 As per Section 194J of Income Tax Act, 1961 tax is to be deducted while making payment of fees to resident for Professional services, fees for Technical services,etc if sum paid exceeds Rs. 30000/- each transaction.
If you are paying Rs. 30,001/- for professional services deduct TDS @ 10%.
Also note that each service is to be considered separate from other one. for e.g. Fees for Technical services is a separate service in comparison to Professional services.

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