Tds on professional tax u/s 194j

TDS / TCS 177 views 3 replies

I don't know if I will be availing the services of same professional again in current FY.

Currently the bill for his professional service is Rs. 29,000/-

If I avail his service again in this Financial year, and the bill comes to Rs 2,000/-, it takes the total value to Rs 31,000 which is above the specified limit.

How should I deduct the TDS?

Should it be 10% on Rs 2,000/- or 10% on (29,000+2,000)?

In the second case TDS amount will be more than bill amount itself !

Please guide.

Replies (3)

Either pay him total amount by keeping trust that next bill will be more than 10% of present value, or he would pay back the differential amount......... or pay part amount, deducting 10% as contigencies.

Thanks sir!

Most Welcome .....


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