Rs. 30000 was paid as professional fee to an individual on various dates of the FY without deducting TDS. While making payment of Rs.2000/- in excess of the threshold limit on which amount TDS to deducted. ie only on 2000 or on 32000. TDS on 32000 is not possible in this case.
Please clarify.
Salil Kumar
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TDS under section 194J
Replies (4)
Dear Sir,
As per section 194 J if you paid to any person aggregate amount in excess of Rs. 30000 during the financial year you need to deduct tax on full amount.
In this case you need to deduct on Rs.32000
on 32000 Rs tds at 10% flat
thank you so much to all for the clarification
you are required to make tds on whole amount of 32000INR...as it exceeds the threshold limit...u/s 194J
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