Whether to deduct tds on professional fees under sec 194j

U/s 194J the limit for deducting TDS is RS 30000/-. So you should deduct TDS on entrire RS 45000/-

TDS u/s 194J should be deducted on payment of Rs.10,000 as limit of Rs.30,000 is for the whole financial year.i.e payment made to person for professional services during the year exceed Rs.30,000 TDS should be deducted on such payments

@ robin

then limit would b 75,000 instead of 30,000 

If a person is liable to deduct tax and does not deduct tax:

1. Section 271C inter alia lays down that if  any person  fails  to  deduct whole or any part of tax at source or fails to pay the whole or part of tax under second proviso to section 194B, he  shall  be  liable to pay, by way of  penalty, a sum equal to the amount  of tax  not  deducted or paid by him. 

2. If a person fails to deduct the whole or any part of the tax at source, he shall be  liable  to action in accordance with the provisions of section 201 and shall be deemed to be an assessee-in-default in respect of such tax and liable for  penal action u/s 221 of the Act. Further Section 201(1A)  lays down that such person  shall  be liable to pay simple interest at 1% for every month or part of the month on the amount of such tax from the date on  which such tax was deductible to the date  on which such tax is deducted; and

3) The expenditure on which TDS was deductible will not be allowed in computing tax payable.

hi,

i have received 75000 as professional fees for FY2012-13, FY2013-14 & FY2014-15 (i.e. 25k for each year). the payments were made to me in FY2015-16. i have protested against deduction of 10%TDS since the individual fees for a year does not exceed 30k and i was paid fees in arrears.

please guide as to what the rules say.

thanks.