Limit of TDS on Section 194-J

[DHARMENDRA SINGH]

What is the Maximum  Exemption limit of TDS under Section 194J.

[rishi mohan]

The maximum limit of TDS under section 194J has been increased to rupees "thirty thousand" from rupees "twenty thousand". This is effective from 1st July, 2010.

AI Summary

TDS threshold under Section 194J raised, increasing the non-deduction limit from previous floor and altering withholding obligation. Maximum TDS exemption under Section 194J was raised from rupees twenty thousand to rupees thirty thousand, effective 1 July 2010, thereby increasing the non-deduction threshold and changing payers' withholding obligations for professional and technical service payments.