Tds deduction

Exemption is based per PAN per annum, if two parties has different PAN and it does not exceed 30000 in any PAN in the year, then no TDS to be deducted 

Exemted amounts are for each deductee.... 

No TDS is deductible in your example... neither on Rs. 15000/- nor on Rs. 17000/- (Provided both bills are received from 2 separate persons)

Limit for deduction is based on per party not based on the company deducting TDS. Eg. if the total aggregrate professional fees paid to A by xyz Company exeed Rs 30000 then XYZ co should deducted TDS @ 10% u/s 194 J. Similary if Professional fees of other person say Mr. B for the whole year is Rs 29000 then TDS should not be deducted for Mr. B.

thanks for information. is ther any penalty if we accidently deduct tds on amount which is not exceed??

issue TDS certificate after making deposit and filing TDS return,

it is presumed that TDS is deducted taking a view that the deductor has to make another business in present financial year ( which is likely to exceed the limit after addition of present amount )and hence TDS deducted for safeguard of revenue.

No penalty.....you Just need to deposit the deducted amount with the goverment against the respective PAN No.

OKIE. have an another doubt. its regarding an accouting entry. we are dealing with instrumentation work n all.. the expense of such project works must move to Direct expense , but on which ledger name?? expens like rent, travelling, misc exp etc. under which ledger ?