banner_ad

TDS on Professional Fees u/s 194J

574 views 28 replies
User Avatar

Proprietor
538 Points Joined December 2016
Professional Fees
FY 2018-19 - 14,000
FY 2019-20 - 14,000
FY 2020-21 - 14,000

Professional fees of Rs 38,000 was paid in FY 2021-22

Whether TDS is required to be deducted u/s 194J
0 Reply Share Follow
On 27 May 2022 at 17:17 Report
Replies (28)
User Avatar

1234 Points Joined March 2018
Up to 30K for one vendor no need to deduct tds.
have u made 38K for one vendor or Multiple?
if one vendor u need to pay TDS now along with interest
Reply
On 27 May 2022 at 18:55
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
If it is single tax invoice for a single person then you have to cut tds
Reply
On 27 May 2022 at 20:23
User Avatar

Chief Accountant
3150 Points Joined July 2020
If it's more than 30,000 to single person, than required to deduct tax @ 10% u/s 194J.
Reply
On 27 May 2022 at 21:29
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
Was past bills are paid in 2021-22 FY ?

If yes then Tds is not applicable
1 Reply
On 27 May 2022 at 21:51
User Avatar

Profession Business
28196 Points Joined May 2017
Wrong
payment or accruals whichever is earlier.
that is the rule.
Reply
On 27 May 2022 at 22:40
User Avatar

2 Points Joined May 2022
Since respective bills would have been recorded in that particular year tds is not required to be deducted and paid
Reply
On 27 May 2022 at 22:49
User Avatar

Profession Business
28196 Points Joined May 2017
If it exceeds threshold limit then required.
Reply
On 28 May 2022 at 07:51
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
Those are past bills . It's not required to cut the tds
Reply
On 28 May 2022 at 07:55
User Avatar

Chartered Accountant
86505 Points Joined April 2011
Hence you made payment more than Rs.30000 in FY 21-22, you are liable to deduct TDS u/s 194J
Reply
On 13 June 2022 at 08:02
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
Then for which year you select in challan no.281 ?
Reply
On 13 June 2022 at 09:08
User Avatar

Chartered Accountant
86505 Points Joined April 2011
Financial year 21-22
Reply
On 13 June 2022 at 09:39
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
If you consider in FY-2021-22 , Is it the income of FY-2021-22 ?
Reply
On 13 June 2022 at 11:31
User Avatar

Chartered Accountant
86505 Points Joined April 2011
Not at all, as per law TDS to be deducted on payment not on income.
Reply
On 13 June 2022 at 15:37
User Avatar

CFO- at NHTF
58280 Points Joined August 2012
Then counter party get notices for not declaring income as per 26AS . It will be double taxation
1 Reply
On 13 June 2022 at 20:00

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details