Tds u/s 194j
This query is : Resolved
29 August 2014
If a Co. pays professional fees of Rs 20000 to Mr.X and 25000 for technical charges.
Is co liable to deduct TDS u/s 194J..??
29 August 2014
Yes, liable to deduct TDS under the said section @ 10%.
29 August 2014
Yes liable to deduct TDS since total payment made to Mr X under section 194J exceeds the threshold limit of Rs 30000 p.a. Rate of TDS is 10%. If PAN not provided then TDS to be deducted @20%.
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