Professional Fees for
FY 2018-19 Rs. 14,000/- bill dated 31/01/20
FY 2019-20 Rs. 14,000/- bill dated 31/01/21
FY 2020-21 Rs. 14,000/- bill dated 15/02/22
Amount paid in FY 2021-22 was Rs. 35,000/-
Whether TDS is required to be deducted
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TDS on Professional Fees Sec 194J
Replies (4)
Quick Summary
If single of 35000 then TDS is to be deducted
Was it turnover for 3 years or exp ?
If it is single payment for a single person then Tds is applicable .
You need to check the tax audit applicability in preceding FY
If it is single payment for a single person then Tds is applicable .
You need to check the tax audit applicability in preceding FY
If Amount paid against that three bill of previous years in FY 21-22, than No TDS
If past bills are paid in FY-2021-22 then tds is not applicable since each bill is below 30000/- and ceiling is applicable per year
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