Tds 194 j

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2015 I am visiting faculty in one institute.
Limit as per 194J is Rs30000.

If, my first bill for Nov,2014 was Rs20000 and Second bill for Dec,2014 was also Rs.20000, then for Dec month, how much TDS under Sec 194 J need to be deducted by party. (I had provided PAN to party)

Thanks in advance

Mohit Singla

Mohit Singla (Expert)
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10 January 2015 TDS would be deducted on the whole amount of income
i.e. 40,000.
Under TDS provisions, when the liability to deduct arise on exceeding the limits,
then TDS would be deducted on the total amount of service.