Suresh (Consultant) (22 Points)
01 August 2018I have paid Rs 5000/- as consultant fee for 7 months, but didn't deduct TDS from him for last financial year. Now I came to know that there is 30000 limit. Is that correct? If so how should I pay TDS for last financial year for consultant fee?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182297 Points)
Replied 01 August 2018
Check the applicability of the proviso of the section 194J, if applicable in your case or not......
Provided further that an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed the monetary limits specified under clause (a) or clause (b) of section 44AB during the financial year immediately preceding the financial year in which such sum by way of fees for professional services or technical services is credited or paid, shall be liable to deduct income-tax under this section :
Saurav Bhattacharya
(258 Points)
Replied 01 August 2018
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 01 August 2018
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
