Tds 10 recovery

manickavel T (accounts officer) (92 Points)

02 March 2023

Honarirum given to Guest Lecturer Rs.3000/-. TDS 10% should Deduct from it. Is it correct?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177891 Points)
Replied 02 March 2023

No need to deduct TDS if the payment is only Rs. 3,000/-

manickavel T (accounts officer) (92 Points)
Replied 02 March 2023

Sir whther any threshold limit for getting honorirum for deducting TDS?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177891 Points)
Replied 02 March 2023

Tax has to be deducted in case the payment is greater than ₹ 30,000 during the year. (Refer sec. 194J of IT act)

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 03 March 2023

You can deduct voluntarily and issue tds certificate

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