Tds

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Querist : Anonymous (Querist)
08 December 2012 94 J - TDS on professional Charges speaks of cut off amt Rs. 30000/- as one time lumpsum payment or aggregate amount???

Eg. Total 3 payment are made of Rs 10,000 , Rs.15000/- and Rs,16500/- in this order. Totalling to rs.41500/-.

Is TDS required to be deducted and when?

08 December 2012 Hi

No TDS to be deducted.

Thanks//Vaibhav

08 December 2012 Since the total amount has exceeded Rs. 30,000 TDS s required to be deducted on the total amount of Rs. 41,500/-


08 December 2012 TDS to be deducted on total payment while making last payment u/s 194J.



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