Tds u/s 194 j

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2014 whether partners salary/ remuneration liable for tds u/s 194 j

2) when the limit on tds u/s 194 j is reached i.e 30000 p.a person other than individual/ huf are liable to deduct tds @10 %. say suppose consultancy fees are paid to two different party. where my payment to them individually do not exceed the limit but in aggregate it does. how i am going to deduct tds under such circumstances.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 April 2014 1) Income tax need not be deducted on partner's salary / remuneration since such payments are not covered in section 194J(1) (a) to (d).

2) Left open for other's comments.

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