banner_ad

194J prof fees

Others 329 views 5 replies
User Avatar

35 Points Posted on 26 December 2022
Pls answer the following?

1st transaction - 25000
2nd transaction - 25000

Assume the transactions are of prof services and with the same person.

Whether we need to deduct TDS on 50000 or 25000 or 20000.

pls advise
2 Reply Share Follow
On 26 December 2022 at 16:00 Report
Replies (5)
User Avatar

CFO- at NHTF
58280 Points Posted on 26 December 2022
Is 50000/- inclusive of GST ?

If not then Tds is applicable on 50,000/-
8 Reply
On 26 December 2022 at 18:14
User Avatar

35 Points Posted on 26 December 2022
The transaction is exclusive of GST, then if the 1st transaction on 12.12.22 and 2nd transaction happened on 23.12.22 then also need to deduct TDS on total 50000?
2 Reply
On 26 December 2022 at 20:27
User Avatar

CFO- at NHTF
58280 Points Posted on 27 December 2022
Limit for Tds applicability under section 194J is 30,000/- per annum. Tds is applicable on total amount. No exemption to first 30,000/- .
6 Reply
On 27 December 2022 at 10:01
User Avatar

Profession Business
28207 Points Posted on 27 December 2022
Professional fees paid are subject to tax.
Reply
On 27 December 2022 at 10:36
User Avatar

CFO- at NHTF
58280 Points Posted on 28 December 2022
But query is different
Reply
On 28 December 2022 at 10:23


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details