194 j tds for professional services

TDS 429 views 10 replies
My dad is doing Railway construction business under firm name and paying 30000 rs to my brother for Engineering services provided.My brother dont have any other income will my dad require to deduct tds?
Replies (10)

Your dad works as propritorship or partnership or corporate?

If properitorship, whether he is liable to tax audit?

According to section 194j if you are paying more than 30000 you need to deduct TDS @ 10%.

This 30000 limit is for whole yeat.

If your father paying 30000 every month than he has to deduct TDS.
Partnership firm my brother is partner also of 25% share and also provide engineering service plus our turnover is more than 2cr
 
My dad is doing Railway construction business under firm name and paying 30000 rs to my brother for Engineering services provided.My brother dont have any other income will my dad require to deduct tds?

"............my brother is partner also of 25% share............"

Dear, 

From next time give complete information, so that you get right answer. 

Being  partnership firm the TDS liability arises, subject to threshold limits.

Sir Firm is just created in this financial year only but on individual basis my dad was covered tax audit.

Now, I presume the TDS is going to be deducted from your dad's proprietorship firm, which was liable to audit/audited in previous financial year, and the answer again is YES, subject to threshold limit.

Thanks a lot sir for clearing the confusion.
sir if my dad only pay 29000 per month will tds provision apply

yes. TDS wil be applicable . Here the limit is 30000 during a financial year

Originally posted by : krishan agrawal
sir if my dad only pay 29000 per month will tds provision apply

YES

(Being final year student let me ask: Explain two threshold limits for Section 194J)


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