Salil Kumar (9 Points)
27 February 2019Rs. 30000 was paid as professional fee to an individual on various dates of the FY without deducting TDS. While making payment of Rs.2000/- in excess of the threshold limit on which amount TDS to deducted. ie only on 2000 or on 32000. TDS on 32000 is not possible in this case.
Please clarify.
Salil Kumar
Siva Shankar Reddy K
(Associate Chartered Accountant Indirect Taxes )
(51 Points)
Replied 27 February 2019
Dear Sir,
As per section 194 J if you paid to any person aggregate amount in excess of Rs. 30000 during the financial year you need to deduct tax on full amount.
In this case you need to deduct on Rs.32000
Rupesh Soni
(Taxation Consultant & CA final student)
(504 Points)
Replied 27 February 2019
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 07 March 2019
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
CAclubindia
