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TDS on professional service

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480 Points Joined February 2018
Sir I pay of rs 20000 each person for professional service in a financial year . I paid two persons for professional service and the total amount is rs 40000 for two persons professional service. So will i deduct tds on professional service of these two persons????sir plz reply me....
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On 28 June 2018 at 10:01 Report
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Coaching and Practice in Tax Audit Law
4429 Points Joined June 2018

TDS on professional and technical service is deducted u/s 194J and it is deducted if single time service exceeds 30,000 from a single person or Rs. 1,00,000 in agreegate in a year from a single person. It is deducted @ 10%

In your case since u have paid 20,000 in a year to single person so no TDS required.

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On 28 June 2018 at 10:15
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Sec 194J

Any sum paid by way of

 

a) Fee for professional services,

b) Fee for technical services

c) Royalty,

d) Remuneration/fee/commission to a director or

e) For not carrying out any activity in relation to any business

f) For not sharing any know-how, patent, copyright etc.

 At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 30,000/-
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On 28 June 2018 at 10:16
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480 Points Joined February 2018
sir rs 30000 in a year for tds on professional service???
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On 28 June 2018 at 10:23

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