LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

TDS on professional services

nitinjain (accountant) (395 Points)

12 December 2017

I received services rs 35400 in which Gst include rs 5400 so service amount is 30000 in a year so TDs is required or not

Reply
Follow
Share

9 Replies

shobhit tiwari (Student CA final) (28 Points)
Replied 12 December 2017

no , 194 j....35000 or more required to deduct tds...and such sum excluding gst

Afran Sheru (15 Points)
Replied 12 December 2017

TDS should be deducted under section of 194J if the amount paid or likely to be paid during the financial year does not exceed Rs. 30,000.

Hense in this case TDS should be deduct on tho amount 30,000.

Your payment will be 30,000 - 3,000(10%)= 27000.

27,000+5400 = 32,400

1 Like

nitinjain (accountant) (395 Points)
Replied 12 December 2017

limit is 30000 in a year

unnati sharma (39 Points)
Replied 12 December 2017

linit is 30000 in a year u/s 194 J..

ASHOK.K (ACCOUNTS EXECUTIVE) (59 Points)
Replied 13 December 2017

One bill in particular year no need dectudetd TDS...

Rajkiran Ghosh (479 Points)
Replied 28 June 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....

ASHOK.K (ACCOUNTS EXECUTIVE) (59 Points)
Replied 28 June 2018

As per section 194J TDS Thereshhold limt is 30000/-.PA. So in this case you received 2 bills from two different service providers, you just ask is any chance to take the service from service providers in future?

if we take the service in future please deducted TDS 10%.

Couldnt take the service in future no need to deductud the TDS(Because bill is below threshold limt).