Tds liabilities

This query is : Resolved 

17 June 2013 is it necessary to deduct tds u/s 194j on amount of rs exact 30000 given to professionals by a company
pls confirm

thanks

17 June 2013 Yes it is necessary....@ of 10%

17 June 2013 TDS rate is 10% u/s 194J


17 June 2013 If billing amount less than 30000 than there is not need to deduct TDS. If upper than go to it

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17 June 2013 Tds provision will be applicable only if amount in excess of Rs 300000.
And if amount is 30000 only no requirement to deduct tds



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