08 February 2021
Sec 194J - when it is applicable and also threshold limit exceeds Rs.30,000/- during the year or Single Payment? . Kindly clarify the doubt
09 February 2021
TDS u/s 194 J is applicable in case of fees for professional or technical services. TDS is to be deducted when amount of payment during a year exceeds Rs. 30,000/-.
The tax should be deducted at the time of passing such entry in the accounts or making the actual payment of the expense, whichever earlier.