We have received a invoice rs. 30000.00 from PF, ESI consultancy purpose . When we want to duduct TDS against this invoice u/s94j @ 10%
Party said not deducted tds because bill value not cross > 30000.00
Pleae solve this problem
3 Replies
Anoop srivastava
(223 Points)
Replied 11 July 2021
If the total amount during the year does not exceed 30k then you are not required to deduct TDS. if suppose they raise another invoices for any amount in the same year then you will have to deduct on new invoice as well as on 30k invoice
Balamurali Unnithan MS
(STUDENT)
(1631 Points)
Replied 14 July 2021
Deductable on taxable portion, based on per payment.
Per payment/invoice amount not crossing Rs 30000, To TDS deduction u/s 194J Applicable.
Per payment/invoice amount not crossing Rs 30000, To TDS deduction u/s 194J Applicable.
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