Tds u/s 194j
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2013
if payment for professional service in month of april is 10000
in july 15000 and in november its 25000 and bill is raised by party everytime then deduction of tds u/s 194j in the month of november will be 50000*10%=5000 and payment will for the month of november will be 20000.
is this correct?
please revert back as soon as possible.
in july 15000 and in november its 25000 and bill is raised by party everytime then deduction of tds u/s 194j in the month of november will be 50000*10%=5000 and payment will for the month of november will be 20000.
is this correct?
please revert back as soon as possible.
07 April 2013
Yes it is absolutely correct. Since after final transaction limit of 30000/- p.a. is crossed TDS to be deducted on total amount.
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