Tds on professional service
This query is : Resolved
03 June 2014
Is TDS u/s 194J on Professional fees applicable on single payment of Rs.30000/- or aggregate payment of Rs.30000/-.
For Eg:
A(company) makes the following professional Fees payment to B-
20/05/2013 Rs.15000/-
26/06/2013 Rs. 28000/-
Is Tds applicable on the above two payments?
For Eg:
A(company) makes the following professional Fees payment to B-
20/05/2013 Rs.15000/-
26/06/2013 Rs. 28000/-
Is Tds applicable on the above two payments?
03 June 2014
Yes, Tds applicable on the above two payments
04 June 2014
Tds applicable to both amount of prof service
06 June 2014
Threshold limit for 194J is 30,000.
.
.
once your credits to party exceeds 30,000 TDS applicable on total amount credited to party
.
.
once your credits to party exceeds 30,000 TDS applicable on total amount credited to party
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