Tds u/s. 194j

This query is : Resolved 

22 May 2014 UNDER SEC.194J OF INCOME TAX ACT, THE LIMIT OF RS.30,000/- IS FOR ONE TIME PAYMENT OR FOR THE TOTAL PAYMENTS MADE IN THAT YEAR?

IF TO ONE PARTY RS.6500/-IS PAID & IN A WHOLE YEAR RS.1,20,000/- AS A PROFESSIONAL FEES WHETHER TDS SHOULD BE DEDUCTED ON PAYMENT OF RS.6500/-?

22 May 2014 rs. 30000/- for the single bill or whole year. its one out of above two.


yes , when limit is cross then tds will deducted on all payment made in same year.

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22 May 2014 yes.. TDS will be deducted on whole amount now..........




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