TDS

This query is : Resolved 

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 applicable when single payment and threshold exceed 30000.

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.




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