Section 194j
This query is : Resolved
Harshit Garg
(Querist)
12 March 2013
Assessee took professional services for a particular year as follows(Section 194J):
1)On 30/05/2012 amounted to 10,000
2)On 30/10/2012 amounted to 10,000
3)ON 31/01/2013 amounted TO 20,000
It was not expected that during the year the amounted of services would exceed 30,000 so TDS was not deducted for 1 & 2 bill.
Now at the time of payment of the third bill i. e. of 31/01/2013, TDS would be deducted on 20,000 or 40,000(10,000+10,000+20,000)
1)On 30/05/2012 amounted to 10,000
2)On 30/10/2012 amounted to 10,000
3)ON 31/01/2013 amounted TO 20,000
It was not expected that during the year the amounted of services would exceed 30,000 so TDS was not deducted for 1 & 2 bill.
Now at the time of payment of the third bill i. e. of 31/01/2013, TDS would be deducted on 20,000 or 40,000(10,000+10,000+20,000)
CA Suraj Lakhotia
(Expert)
12 March 2013
TDS will be deducted on entire amount of 40,000/-
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