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TDS for professional services

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student
8138 Points Posted on 05 May 2021

A Ltd. credited ` 28,000 towards fees for professional services and ` 27,000 towards fees for technical services to the account of Ram in its books of account on 11.05.2020. The total sum of ` 55,000 was paid by cheque to Ram on the same date. What would be the TDS?

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On 05 May 2021 at 01:27 Report
Replies (7)
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Chartered Accountant
24588 Points Posted on 05 May 2021
As payment under 194J will be limited to 30000 rupees so in this case the payment of 28000 rupees and 27000 rupees should be made in different dates and in different mode of payment so it might be that TDS should be deducted only on 30000 rupees
129 Reply
On 05 May 2021 at 06:12
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Practice
1361 Points Posted on 05 May 2021
As both the fees does not exceed 30,000/-. No TDS required in any case.
2 Reply
On 05 May 2021 at 09:26
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Practising CA
8954 Points Posted on 05 May 2021
Disagree with Sourav ji and Lotus ji. TDS shall be deducted on full amount of Rs. 55000. Professional fees once crosses Rs. 30000 p.a, TDS is deductible on full amount. There is no bill wise limit as that in 194C.
30 Reply
On 05 May 2021 at 10:29
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Practice
1361 Points Posted on 05 May 2021
Sir, this is the case of one professional services and other technical services. limit of 30000 is separately given for both.
2 Reply
On 05 May 2021 at 10:47
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Practising CA
8954 Points Posted on 05 May 2021
Thankyou Lotus ji. I misread the query. I missed that it spoke of technical fees and professional fees. I overlooked it to be professional fees only. agree with lotus ji on that.
30 Reply
On 05 May 2021 at 10:57
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Practice
1361 Points Posted on 05 May 2021
No issue Raj ji.
2 Reply
On 05 May 2021 at 11:08
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Chartered Accountant
24588 Points Posted on 05 May 2021
TDS should not be deducted in this case
129 Reply
On 05 May 2021 at 12:04


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