26Q filing for TDS u/s 194J
This query is : Resolved
09 May 2024
Payment made to Chartered Accountant for professional services provided by him on following dates:-
13/12/2023 Rs. 20,000.00 TDS not deducted as amount was less than threshold as per 194j
09/01/2024 Rs. 20,000.00 TDS deducted rs. 4,000.00(Rs. 2,000 on first payment+2,000 on second payment) on 09/01/2024 and deposited to govt. on 07/02/2024.
Now, while filing 26Q, how this 4000 has to be bifurcated for two payments?
If Q3 26Q is revised with entry dated 13/12/2023 & challan dated 07/02/2024 then interest will become payable on Rs. 2,000(on first payment) as the TDS should have been deposited before 07/01/2024.
Please guide on the above issue
13/12/2023 Rs. 20,000.00 TDS not deducted as amount was less than threshold as per 194j
09/01/2024 Rs. 20,000.00 TDS deducted rs. 4,000.00(Rs. 2,000 on first payment+2,000 on second payment) on 09/01/2024 and deposited to govt. on 07/02/2024.
Now, while filing 26Q, how this 4000 has to be bifurcated for two payments?
If Q3 26Q is revised with entry dated 13/12/2023 & challan dated 07/02/2024 then interest will become payable on Rs. 2,000(on first payment) as the TDS should have been deposited before 07/01/2024.
Please guide on the above issue
09 May 2024
you are not supposed to provide for TDS on the payment made in December. only Rs 2000 deductible on January payment.
09 May 2024
as amount paid exceeded 30,000 during f.y. 2023-24, TDS has to be deducted as per Section 194J
09 May 2024
Yes. But not retrospectively except for cases where you knew in advance that the payment will exceed the threshold..
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