194J applicability

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Articleship
45 Points Posted on 12 March 2021
Professional Fees charged for a year is ₹25000 & then for next year as well 25000. Thus below limit of 194J.


But payment rec'd together for both years. Is 194J applicable?
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On 12 March 2021 at 15:38 Report
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Quick Summary
This discussion explores whether Section 194J of the Income Tax Act applies to professional fees when payments for two separate years, each below the ₹30,000 threshold, are received together. While some users initially suggested TDS would apply, the consensus is that 194J is not applicable in this scenario as the individual annual fees remain below the statutory limit.

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Consultant
1891 Points Posted on 12 March 2021

Yes TDS will apply. 

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On 12 March 2021 at 15:49
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Articleship
45 Points Posted on 12 March 2021
Thanx alot
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On 12 March 2021 at 15:52
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17269 Points Posted on 12 March 2021
TDS won't apply
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On 12 March 2021 at 16:50
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Chartered Accountant
24588 Points Posted on 12 March 2021
194J is not applicable as fees is less than 30000 rupees
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On 12 March 2021 at 17:05
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Articleship
45 Points Posted on 15 March 2021
Thanku guys
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On 15 March 2021 at 16:41

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