What is the rate of TDS for interior decorators?
And also what is the exemption limit?
Please help me....
7 Replies
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 13 September 2011
Hi , I am of the opinion TDS will required to be deducted at the rate of 10% under the provision of section 194J of income tax act as specifically under the explaination to section 9 interior decoration is covered under professional services .
Exemption Limit : However no TDS is to be deducted if amount to be paid or credited is Rs 30000 or less than that during the entire financial year .
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 13 September 2011
Agree with Shashank Goyal
CA Yogesh
(Manager-Taxation)
(48 Points)
Replied 13 September 2011
10% u/s 194J
30,000 is the limit.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 14 September 2011
Agreee with above...
interior decorator covered u\s 194 j
Rate of TDS............................... 10 %
Exemption Limit........................30000 , payment up to 30000 no tds is deducted....
HARI PRASAD REDDY.K
(Accountant)
(39 Points)
Replied 30 November 2018
i have received the interior design consultation services worth of 3,00,000 Rs. and i have contract to get a services from him and he is a sole proprietor.
My question is what is the tds % need to be applied and under what section. TDS percentage 1 or 2 or 10.?
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