Dear Experts,
1. We have availed the professional services from an Individual.
2. We paid Ra 70,000.00 on different dates as follow:
a. 28.02.2023 Rs 28000.00
b. 07.03.2023 Rs 22000.00
c. 24.03.2023 Rs 20000.00
by online mode.
3. Whether we need to deduct the TDS on 70,000.00 or Rs 40000.00
pl clarify
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Availed the professional service
Replies (4)
Over Rs. 70,000/-
Means TDS to be deducted on entire value of Ra 70,000.00 ?
30000 is threshold limit, not exemption. Hence TDS is to be deducted on entire amount.
Pls deduct on gross value of consultancy fees rendered.
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