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6 days ago · 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 11, 2020 · Section 194J contains provisions related to deduction of TDS on professional Fee and Technical fees which requires deduction of TDS @ 10%. However, the Finance Act, 2020 reduced the rate of TDS from 10% to 2% for few payments under section 194J. 1. Applicability of Provisions of Section 194J.
Dec 13, 2021 · TDS on fee for Professional and Technical Services. Neeraj Bhagat & Co. 13 Dec 2021 44,826 Views 0 comment Print Income Tax | Articles. 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 –.
Aug 5, 2021 · Analysis of Section 194J. Every person other than an individual or a HUF, who is responsible for paying to a resident any sum by way of - fees for professional services; or.
Oct 7, 2020 · Section 194J – TDS on Professional or Technical Fees. Author - Rohit Pithisaria. Last Updated - October 7, 2020. Table of Contents. Any person (other than individual or huf who is not liable to audit under section 44AB who is responsible for paying to a resident. Fees for professional services. Fees for technical services. Royalty.
Feb 3, 2023 · Section 194J: TDS on Professional or Technical Fee - Learn by Quicko. TDS is to be deducted u/s 194J @ 10% from the payment made for Professional Fees / Technical fees in excess of Rs. 30,000. Estimated reading time: 4 minutes
Mar 21, 2020 · Section 194J breaks in two different rates 2% and 10% for fees for technical services and fees for professional services respectively (w.e.f. 01/04/2020) However, the tax on payments made to operators of call centres shall be deducted at a reduced rate of 2%. Notes: 1. No surcharge, education cess or SHEC shall be added to the above rates.
Apr 26, 2024 · 9 min read. Section 194J of the Income Tax: TDS on Fees for Professional or Technical Services.
