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194j

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(Querist)
26 August 2013 If a entity pays exactly Rs 30000 as legal and professional fees to a person during the year, then is it liable to deduct tax at source..???
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 August 2013 Since threshold limit Rs.30000 u/s.194J Till Rs.30000 no TDS apply. if reaches Rs.30001 then TDS will apply
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Mankirat singh

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Mankirat singh (Querist)
26 August 2013 ok.. sir thanks for clarification.
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