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When do i must do tds from my service provider

Indiatrainer (Head) (61 Points)

31 January 2013

I get certain services from one of my service providers. I have to pay an amount X lakh for the service.

Do I deduct TDS on this amount? When is TDS mandatory ?

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C.A. Hardik Patel (Partner) (166 Points)
Replied 31 January 2013

As per Sec 194J

Any person not being an individual or a HUF who is responsible for paying to a resident by way of fees for professional or technical services royalty and any sum referred to clause (va) of section 28 is liable to deduct tax at source in case aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to the payee exceeds Rs. 30,000/-.