Tds 10 recovery

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accounts officer
92 Points Posted on 02 March 2023
Honarirum given to Guest Lecturer Rs.3000/-. TDS 10% should Deduct from it. Is it correct?
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On 02 March 2023 at 18:22 Report
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Quick Summary
This discussion clarifies whether TDS (Tax Deducted at Source) needs to be deducted from an honorarium of Rs. 3,000/- paid to a guest lecturer. According to Section 194J of the Income Tax Act, TDS is only applicable if the total payment exceeds Rs. 30,000/- in a financial year. While not mandatory for this amount, voluntary deduction and issuing a TDS certificate is an option.

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SEO Sai Gr. Hosp.
212441 Points Posted on 02 March 2023

No need to deduct TDS if the payment is only Rs. 3,000/-

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On 02 March 2023 at 18:25
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accounts officer
92 Points Posted on 02 March 2023
Sir whther any threshold limit for getting honorirum for deducting TDS?
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On 02 March 2023 at 21:05
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SEO Sai Gr. Hosp.
212441 Points Posted on 02 March 2023

Tax has to be deducted in case the payment is greater than ₹ 30,000 during the year. (Refer sec. 194J of IT act)

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On 02 March 2023 at 21:16
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CFO- at NHTF
58280 Points Posted on 03 March 2023
You can deduct voluntarily and issue tds certificate
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On 03 March 2023 at 07:44

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