Search results
Jan 29, 2021 · Section 194JA and Section 194JB are not the engrossed sections or provisions in the Income Tax Act, 1961 (“Act”) but are segregated section codes for the section 194J of the Act for the purpose of filing of e-TDS return to distinguish deduction of tax (TDS) under section 194J either at 2% or 10%.
Oct 2, 2021 · As per the utility of e-TDS provided, section code 194JA is assigned to denote deduction of tax under section 194J @ 2% whereas section code 194JB is assigned to denote deduction of tax under section 194J @ 10%.
Jan 22, 2021 · The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J (a) and 194J (b), effective from August 7 2020. u/s 194J (a) of the Income Tax Act, is related to TDS deduction on fees for Technical Services, and u/s 194J (b) of the Income Tax Act is related to TDS deduction on ...
Jul 4, 2024 · All about Section 194J of the Income Tax Act | TDS on Professional Fees, Technical Services, Royalty. Payments Covered. The types of payments to residents covered under this section are as follows: Fees for Professional fees. Fees for technical services.
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.
Mar 14, 2023 · Section 194JA of the Income Tax Act, 1961, deals with the TDS (Tax Deducted at Source) provisions applicable to remuneration paid to directors or producers or other similar persons who are engaged in the production of movies or television serials.
Jun 12, 2020 · Section 194J of Income tax act, 1961 speaks about the applicability of TDS provisions on Professional and Technical services. Before understanding the difference between both these services, below is key highlights of this section 194J. Applicability – This section is applicable on below trans: 1. Professional services fees. 2.
Apr 4, 2020 · The present article features the TDS provisions contained under section 194J of the Income Tax Act, 1961 relating to the TDS deduction on fees for professional or technical services. Page Contents. Coverage of Section 194J of the Income Tax Act. List of notified services.
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.
Mar 3, 2023 · What is Section 194JA & Section 194JB? After Finance Act, 2020 bifurcated TDS into technical services and professional services. Two different rates of 2% and 10% existed under Section 194J.
