TDS Query u/s 194J
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2011
I know the limit of TDS u/s 194J is Rs. 30000.00 p.a.(w.e.f. 1st July 2010) but there is some confusion that:
if we make provision in books in last year (FY 2009-10) of Rs. 15000.00 and deduct TDS of Rs. 1500.00 on that but in next year we receive the bill against the same is 25000.00 i.e. short provision of Rs. 10000.00 (that we taken in Prior Period expenses in current FY) and making provision of Rs. 25000.00 then the total balance in the account is Rs. 35000.00.
so thus we have to deduct TDS on the same on not.
And what I think that TDS not to be deducted because the Professional fees/charges of the current FY 2010-11 is only Rs. 25000.00, and the short provision made for last FY of Rs. 10000.00 is not the Professional charges for current FY.
Kindly clarify…..
if we make provision in books in last year (FY 2009-10) of Rs. 15000.00 and deduct TDS of Rs. 1500.00 on that but in next year we receive the bill against the same is 25000.00 i.e. short provision of Rs. 10000.00 (that we taken in Prior Period expenses in current FY) and making provision of Rs. 25000.00 then the total balance in the account is Rs. 35000.00.
so thus we have to deduct TDS on the same on not.
And what I think that TDS not to be deducted because the Professional fees/charges of the current FY 2010-11 is only Rs. 25000.00, and the short provision made for last FY of Rs. 10000.00 is not the Professional charges for current FY.
Kindly clarify…..
12 April 2011
Replied...
https://www.caclubindia.com/experts/tds-query-u-s-194j-643235.asp
https://www.caclubindia.com/experts/tds-query-u-s-194j-643235.asp
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