194C or 194J

This query is : Resolved 

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

18 June 2011 Sec Applicable 194J

Rate of TDS 10%

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

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.


18 June 2011 yes... section 194J....will apply.

TDS will apply if total payment exceeds 30000/- during the year

18 June 2011 thanks all



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