Dear Sir,
What is the limit for TDS under section 194J? I believe it is more than 30,000.
If a single bill amounts to 2,500/- each month, totaling 30,000 per fiscal year. We deducted 10% up to November '23, but did not deduct from December '23 to March '24. Is this acceptable or is it mandatory to pay?
Please confirm.
Threshold limit is 30000/- ,
Sir,
We deducted from Apr 23 to Nov 23, not deducted from Dec 23 to Mar 24, how ever total bills value exactly 30 K per year
it is require to pay tds with interest or not required ?
not necessary, .....cause 30000/- limit is for one time payment ..............
TDS must be deducted if the payment amount in a year exceeds Rs. 30,000/-.
Refer: https://eztax.in/tds/tds-on-professional-fee-or-technical-fee
Note:: Currently, threshold limit (exemption limit) specified under section 194C is Rs. 30,000 in case of single contact transactions and Rs.100,000 aggregate in a financial year.
To all my well-wishers,
I am fine, hope you all are doing well...
Good Day...
Wish you all happy & knowledge sharing browsing...
| Originally posted by : Dhirajlal Rambhia | ||
 |
To all my well-wishers, I am fine, hope you all are doing well... Good Day... Wish you all happy & knowledge sharing browsing... |
 |
Super Sir...
I'm very happy after long time seen You...
VIKAS VERMA & CO
New Delhi
Others
View Details
Arvindkumar Maniar & Co.
Rajkot
CA
View Details
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
View Details
CAclubindia
