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I have Annual Maintenance Charge payable of Rs. 16,97,505/-
P.A. Should I deduct T.D.S. while making payment.......
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Answer Posted / kolagatlaramireddy
YES.AS PER THE IT ACT1965,SEC194J OF THE ACT STATES THAT IF
ANY PAYMENT EXCEEDS RS.30000 TO THE PROFESSIONAL DEDUCT TDS AT
10%.
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