Tds applicability

682 views 7 replies

At how much payment for the first time is the tds deducted???

 

Replies (7)
About which payment you are talking about?

Rate of TDS and Amount on which TDS is to be deducted dependes upon the nature of payment and there is different section for different tyoes of payment.

 

please be specific.

Rate of TDS and Amount on which TDS is to be deducted dependes upon the nature of payment and there is different section for different tyoes of payment.

 

so please be specific.

say professional fees under 194J section...

As per section 194J rate for Deduction of TDS is 10% and if the amount paid in a financial year is not exceeding Rs. 30000/- than there is no requirement to deduct tax, 

 

And one more point is to be noted, that if, the person whose tax is been deducted is not able to provide its Pan no than higher rate will be applicable

say if every year the payment under sec 194J for the particular party does not go beyond 30000/- then ????

Then there is no need to deduct tax.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details