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194J prof fees

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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
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On 26 December 2022 at 16:00 Report
Replies (5)
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CFO- at NHTF
58280 Points Posted on 26 December 2022
Is 50000/- inclusive of GST ?

If not then Tds is applicable on 50,000/-
59 Reply
On 26 December 2022 at 18:14
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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?
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On 26 December 2022 at 20:27
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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/- .
59 Reply
On 27 December 2022 at 10:01
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Profession Business
28207 Points Posted on 27 December 2022
Professional fees paid are subject to tax.
44 Reply
On 27 December 2022 at 10:36
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CFO- at NHTF
58280 Points Posted on 28 December 2022
But query is different
59 Reply
On 28 December 2022 at 10:23


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