28 October 2013
As per sec 194J tds deducted if payment morethan 30000 p.a.,
I paid 40000 than in what amount i will deduct tax
On 10000 or on total amount of 40000.
28 October 2013
U/S 194J TDS is to be deducted if the payment exceeds the prescribed limit i.e 30000 on the whole amount.. In your case TDS is to be deducted on ₹40000 @ 10 percent....
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