Hello Freinds,
The question that the TDS applicable on professional fees u/s 194J above Rs. 30000. Can anyone suggest that the tax applied i.e. 10%, on increamental from Rs. 30000 or complete Receipt.
Ex.- Receipt is Rs. 55000, then Can anyone suggest that the TDS applicable on Rs. 55000-30000=25000, or complete Rs. 55000? Plz help.
TDS will be deducted on complete 55000/-.
| Originally posted by : manish | ||
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TDS will be deducted on complete 55000/-. |
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Am Also agree with manish TDS has been deducted on full Amount i.e. 55000*10%=5500
The tax will be deducted on whole of Rs 55000/-
Tds will apply on Whole amt of Rs.55000/- U/s.194J
whole amount!!
TDS IS TO BE DEDUCTED ON 55000 ,WHOLE AMOUNT...
ON WHOLE AMOUNT
TDS WILL BE DEDUCTED ON RS.55000/- @ 10% = 5500/-
AMOUNT PAYABLE AFTER TDS 55000-5500=49500/-
REGARDING EVERY SECTION OF TDS IF AMOUNT IS MORE THEN HOLD LIMT TDS WILL BE DEDUCTED AS SAME ABOVE
hi,
tds will be dudected on the whole amount i.e Rs.55000 at the rate of 10%
The tax will be deducted on whole amount.
Ya it will be deducted on whole amount i'e., 55000/-
CAclubindia
