07 January 2013
We had organised a music event in our company. Musicians have sent bills for payment in two bills- 1. conveyance charges- Rs. 6000 (No original taxi bill attached) 2. Musical show presentation charges-Rs. 30000.
Please explain in details the position of TDS applicability.
07 January 2013
Please deduct TDS at 10% u/s 194J being Professional Services paid to Musicians. The TDS will be deducted on entire Rs. 36,000/- since supporting documents are not provided for the conveyance.
07 January 2013
194 J as it is professional services on full amount 36000/-. because no supporting documents if there is supporting documents and both bill are separate then TDS on 30000/- only. and if there is supporting docuements but bill is one then again TDS on full amount. in your case TDS on 36000/-
07 January 2013
Dear Prashant, Section 194J specifies threshold of Rs. 30000. That means no TDS till 30,000. So If conveyance bill is separate and having supportings then Rs. 6000 will not be liable for TDS and Rs. 30000 will also be under threshold.
07 January 2013
Dear Rajiv you are absolutely right I was just explaining the effect of separate bills and I lost the amount consideration. if 6000 has supporting and separate bill then 30000 is exempt as this doesn't over the limit of 194 J
CAclubindia
