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Tds on the consultancy charges

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Accountant
34 Points Posted on 12 February 2016
if consultancy paid for Jan,16 is paid 25000 and feb,16 it is paid 10000, TDs is to be deducted on total amount of 35,000 or only 10000, pls confirm
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On 12 February 2016 at 11:14 Report
Replies (24)
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Management Accountant
40581 Points Posted on 12 February 2016

As the amount exceeds Rs. 30,000, you are required to deduct TDS on the whole amount of Rs.35,000 as per the provisions of section 194 J of the Income tax Act, 1961.

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On 12 February 2016 at 12:06
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Chartered Accountant
1577 Points Posted on 12 February 2016

You can deduct TDS on Entire Amount of Rs 35000

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On 12 February 2016 at 12:40
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CA
1036 Points Posted on 12 February 2016

TDS to be deducted on entire rs. 35000/-.

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On 12 February 2016 at 15:07
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student
23 Points Posted on 12 February 2016
Tds will be deducted rs 35000
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On 12 February 2016 at 18:01
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Future CA
61 Points Posted on 12 February 2016
Hi sir . I have to rectify my TDs return. Should it probable to generate form 16 after or before .. Please answer me as soon as possible ..
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On 12 February 2016 at 18:19
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7 Points Posted on 12 February 2016
First revise the return and then download FORM 16.
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On 12 February 2016 at 20:00
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7 Points Posted on 12 February 2016
First revise the return and then download FORM 16.
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On 12 February 2016 at 20:00
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GST Consultant
51 Points Posted on 13 February 2016
if total consultant charges under 75000 full year or single bill going up 30000 than tds should be dedicated
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On 13 February 2016 at 14:48
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CA-Final
484 Points Posted on 13 February 2016

TDS will be deduct of whole amount of 35000.

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On 13 February 2016 at 16:28
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GST Consultant
51 Points Posted on 13 February 2016
If 35000 is a single bill than tds sshould be deducte otherwise no tds applicable
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On 13 February 2016 at 16:32
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audit staff
1203 Points Posted on 13 February 2016
Tds deducted rs35000 but interest levy on January 2016 1.5%
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On 13 February 2016 at 22:22
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audit staff
1203 Points Posted on 13 February 2016
Tds deducted rs35000 but interest levy on January 2016 1.5%
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On 13 February 2016 at 22:23
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audit staff
1203 Points Posted on 13 February 2016
Tds deducted rs35000 but interest levy on January 2016 1.5%
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On 13 February 2016 at 22:23
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audit staff
1203 Points Posted on 13 February 2016
Tds deducted rs35000 but interest levy on January 2016 1.5%
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On 13 February 2016 at 22:23


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