Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2013 In Section 194J Limit of Rs 30000 is per Year or or per bill?

Please Explain me

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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29 March 2013 Its per year per person

Suppose if you are paying to Mr.X Rs.15000/- and you are also paying to Mr.Y Rs.40000/-

then in case of Mr.X you wont have to deduct TDS

and in case of Mr.Y you have to deduct TDS because payment is more than Rs.30000/-

but after that if you Mr.X RS.30000/- then you have to deduct TDS on the whole amount
(i.e Rs 15000+30000)

so for every single person this exemption has to be seen restricted to RS.30000