WebJul 8, 2024 · TDS Under Section 194J (a) & 194J (b) The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, … WebJan 30, 2024 · TDS Rate on Income from Services Under section 194 J, any person is liable to deduct TDS in for the following payment made to resident person except individual or HUF: a) Fee for professional services b) Fee for technical services c) Royalty d) Remuneration/fee paid to a director
TDS on fee for Professional and Technical Services - TaxGuru
WebAug 15, 2024 · Introduction. In the case of fees for technical services, tax deducted at source (“TDS”) under Section 194J of the Income Tax Act, 1961 (“IT Act”) has been reduced to 2 per cent from the ... WebAug 15, 2024 · Introduction. In the case of fees for technical services, tax deducted at source (“TDS”) under Section 194J of the Income Tax Act, 1961 (“IT Act”) has been … jerrica davis
Section 194J TDS on Professional or Technical Fees - Tax2win
WebJul 8, 2024 · 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 2024. 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 … Web−Royalties / Fees for Technical Services taxable at 10% as per Budget 2015 ... • Applicability of section 206AA while deducting TDS under section 195 • The rate of 20% under section 206AA not to be increase by surcharge / cess • If income of non-resident (who does not have PAN) is not taxable in India on the ... WebDec 20, 2016 · When the payment is to be made to an individual or an HUF, TDS has to deducted at 1% of the contract value. When the payment is other than to an individual or an HUF, TDS has to deducted at 2% of the contract value. This section will be dealt while calculating TDS on maintenance of not so technical services. jerrica goodwin