194C or 194J

This query is : Resolved

praveen (Querist)
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18 June 2011 Hi is accounting charges receivable on a monthly basis at Rs.3000 per month attacts TDS as per 194C or 194J.
Whether the fact that it is provided by a CA change the section.
If it attacts TDS under 194j as each bill is less than 30,000 Rs. is TDS applicable.

Regards

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 June 2011 Sec Applicable 194J

Rate of TDS 10%

Threshold limit Rs 30000/- per annum and not per bill.

prasad

prasad (Expert)
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18 June 2011 The TDS is applicable as total amount payable during the year is Rs.36000/=.

The TDS shall be deducted according to Section 194J. The person who has provided the service is immaterial.

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