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TDS 194 J

CA CS Amit Borade (Chief Accountant) (2828 Points)

04 August 2009

194 J is applicable if payment made more than Rs. 20000 towards professional Service & technical service.

But In case where Professional Fees & Technical fees paid in aggregate exceeding Rs. 20000, then TDS is applicable us 194 J or Not??

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4 Replies

Swamy (CA) (45 Points)
Replied 04 August 2009

hi.

194j applicable if payments towards professional and technical consultancy charges exceeds 20000 in a f.y to single payee

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CA CS Amit Borade (Chief Accountant) (2828 Points)
Replied 04 August 2009

Thanks Swamy..

In case we have paid Rs. 17000 as a professional Fees & Rs.9000 as technical Fees. Then???

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 04 August 2009

TDS would be applicable as sum payable during the year exceeds Rs. 20000/- to a single person.

CA CS Amit Borade (Chief Accountant) (2828 Points)
Replied 05 August 2009

Hi Guys ...

While reading Manoram CA Final DT book I found that in CA Final DT paper Institute asked same type of question, where ICAI has considered each Professional Fees & Technical fees seperately. i.e. professional or Technical fees does not exceeds Rs. 20,000

TDS not attaracted.