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Jul 4, 2024 · Under Section 194J payments towards fees for professional or technical services have TDS implications. Know more about the section 194J, its rate for deduction of tax, time of deduction, consequences of non-deduction or late deduction here.
Jul 6, 2021 · SOLUTION. Section 194J requires deduction of tax at source @10% from the amount credited or paid by way of fees for professional services, where such amount or aggregate of such amounts credited or paid to a person exceeds Rs. 30,000 in the F.Y. 2021-22.
Jun 26, 2024 · Section 194J of the Income Tax Act mandates TDS on fees for professional or technical services. Understand the rates, thresholds, and exemptions under this section. Our guide offers insights into compliance, calculation, and implications for service provi.
Aug 5, 2021 · SOLUTION. Section 194J requires deduction of tax at source @10% from the amount credited or paid by way of fees for professional services, where such amount or aggregate of such amounts credited or paid to a person exceeds Rs. 30,000 in the F.Y. 2021-22.
Dec 13, 2021 · Section 194J of The Income Tax Act 1961, pertains to deduction of tax at source in case of fees for professional or technical services. It applies to TDS on payment of any sum by way of –. a) fees for Professional services. b) fees for Technical services.
Aug 11, 2020 · Rate on TDS on fee for technical services (not being a professional service) or royalty for cinematographic films has been reduced from 10% to 2% by Finance Act, 2020 with effect from 01.04.2020. 4. Issues faced by deductor under Section 194J. Prior to 01.04.2020, Fees for technical services was liable to TDS under section 194J.
Feb 3, 2023 · Section 194J: TDS on Professional or Technical Fee. Hiral Vakil. TDS Sections. Last updated on February 3rd, 2023. Professional/Technical fee is one of the most important types of payment that the business entity makes.
