Dear Experts,
Exemption limit for tds on professional fee is 30k ,but if I have two bills one amount is 25k and other is 8500 so their is required to deduct tds
4 Replies
Meenakshi S
(Self employed)
(198 Points)
Replied 23 November 2019
If the amount paid to one person is more than 30,000/- during the year, tds should be deducted.
So Yes, TDS needs to be deducted.
Nidhi Prajapati
(Accountant)
(108 Points)
Replied 23 November 2019
Thank u so much mam for reply
If total basic any of bills is 33500 then tds is deduct on this amt or deduct on last bill amt
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 November 2019
You can deduct any of the bill consolidated
or
If You want exact deduction for Your accounting purpose then You will deduct as per Bill's calculation...
or
If You want exact deduction for Your accounting purpose then You will deduct as per Bill's calculation...
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