Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2012 please some one tell me how to deduct TDS under section 194J and 194I.... and how to file TDS return.... please provide me details... my new job need it

Hemant Kumar

Hemant Kumar (Expert)
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20 November 2012 1) Deduction under section 194J: Section 194J is relating to professional fees.. Whenever you pay the professional fees or recording the transaction you should must to deduct the tds. Deduct 10% Tds on 30000.

2) Deduction under section 194I: Section 194I is relating to Rent, Rent-plant and machinery.
Rent - Threshold limit is- 180000, Deduct 10% TDS.
Rent on plant and machinery- Threshold limit is - 180000 Deduct 2 % TDS.
if no pan then deduct 20% TDS.

Remit deducted tds amount to IT dept through online banking.

Go to tin-nsdl.com site... download the TDS Preperation soft.. Feel the all necessory information in this soft.. prepare the .fvu file according to the rules framed by IT Dept.
Upload this .fvu file to nsdl site self or with the help of TIN-FC.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 November 2012 Hello Hamant ji
thanks for you valuable reply.... would plz tell me how can i download that TDS software. I didn't find any link for download.

thansk in advance

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