Will tds be on total aggregate amt or in excess of 30,000???
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2014
Dear Experts,
I have got a query that u/s 194 J
The First Payment was done of Rs.20000 on which no TDS was deducted for Professional Services
Later on Payment of 25,000 was again done to the same party for Professional Services on which TDS on 25,000 was only deducted.
Is this Right or TDS on entire Rs.45,000 was to be done???
Plz Suggest...
I have got a query that u/s 194 J
The First Payment was done of Rs.20000 on which no TDS was deducted for Professional Services
Later on Payment of 25,000 was again done to the same party for Professional Services on which TDS on 25,000 was only deducted.
Is this Right or TDS on entire Rs.45,000 was to be done???
Plz Suggest...
Nikhil Kaushik
(Expert)
19 September 2014
yes. logically you should deduct tds on the whole amount
19 September 2014
it will be on whle amount.................
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