Tds deducation

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18 March 2015 what are the rate and threshold amount for TDS on payment to professionals in case of individual and co.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 March 2015 rate is 10% u/s 194J and the threshold limit is 30,000

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 March 2015 TDS applicable u/s 194J. Threshold limit is Rs 30000/- per annum. If PAN not provided TDS to be deducted @ 20%.

If Individual is paying the Professional Fees then TDS required to be deducted only if the file of Individual was under Tax Audit in the previous Financial Year. If no Tax Audit was applicable then TDS not required to be deducted by the Individual.

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