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Tds on professiona fess

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Accountant
125 Points Posted on 14 January 2015
If a person charged me Rs.30000 as a professional fess. should i deduct Tds on it or not.
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On 14 January 2015 at 20:43 Report
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644 Points Posted on 14 January 2015
Not required to deduct TDS bcoz as per 94J TDS would be applicable on payment of above rs. 30000 and not upto 30000.
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On 14 January 2015 at 20:58
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Apt Co Advisory
1230 Points Posted on 14 January 2015

not required upto 30000

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On 14 January 2015 at 21:43
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NA
244 Points Posted on 15 January 2015

According to Section 194J, TDS on professional services - rate 10% (If no PAN- 20%), If amount is exceeding 30,000/- PA.

Here, Amount is not exceed Rs.30000/-. So No need to deduct TDS.

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On 15 January 2015 at 10:42
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Student CA Final
22 Points Posted on 15 January 2015
Before considering the amount criteria , if your are individual or HUF , in that case you are not eligible to deduct TDS u/s 194J but if your Tax Audit has been done in last FY then you can deduct TDS if amount is exceeding ₹30000.
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On 15 January 2015 at 12:28


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