WebPayments that are protected by Section 194J. When making the following payments to a citizen in a fiscal year (over Rs.30,000), a person can subtract TDS at a rate of 10%: The … WebMar 28, 2024 · As per 194J TDS is to be deducted on Professional Technical Royalty Services Normally at 10% However, in case of payment to call center, TDS Rate is 2% However, No TDS is to be deducted if annual amount is upto 30000 per annum. If Amount is 30001 then TDS is deducted.
TDS u/s 194J not deductible on payment to contract teachers
Web1 day ago · Dist. Intermediate Educational Office Vs Income Tax Officer (TDS) (ITAT Hyderabad) ITAT Hyderabad held that payment to contract teachers doesn’t qualify as ‘fee for professional services’ and accordingly TDS under section 194J of the Income Tax Act not deductible. Facts- The common question that arises in both these appeals is whether the ... WebJan 30, 2024 · What is the rate of TDS under Section 194N? TDS will be deducted at the rate of 2% on cash withdrawals in excess of Rs. 1 crore in a FY (w.e.f. September 1 st , … story of hazrat ibrahim a.s
TDS on Professional Fees Section 194J of Income Tax Act
WebMar 28, 2024 · As per 194J TDS is to be deducted on Professional Technical Royalty Services Normally at 10% However, in case of payment to call center, TDS Rate is 2% … WebJun 25, 2024 · TDS is a part of advance tax deduction, therefore tax under section 194J of Income Tax Act is deducted at the applicable rate before payment for any professional or technical service is completed. In this article information such as TDS on professional fees, TDS on technical services, Due Date for TDS Deposit and Penalty for not deducting TDS ... WebFeb 17, 2024 · TDS Rate under section 194J of Income Tax Act. TDS shall be deducted @. 2% of fees for technical services (not being a professional services), or royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films ; and. 10% of such sum in other cases. roster in photoshop