#Free tds survey link software professional

What is the meaning of professional Services in reference to S. The tax will have to be deducted no matter how small the amount. Note: There is no such limit for payments made to a director. 30,000 in the case of non-complete fee referred to above. 30,000 in the case of royalty referred to above. 30,000 in the case of fees for technical services referred to above. 30,000 in the case of fees for professional services referred to above. There is no need to deduct TDS u/s 1 94J where the amount of such sum or, as the case may be, the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed‑ Under what circumstances there is no need to deduct TDS u/s 194J?Ī.4. The rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee on or after 1-4-2010. Hence, tax will be deducted at source at the basic rate.Ģ. No surcharge, education cess or SHEC shall be added to the above rates. However, the tax on payments made to operators of call centres shall be deducted at a reduced rate of 2%.ġ. Section 194J breaks in two different rates 2% and 10% for fees for technical services and fees for professional services respectively (w.e.f. At what rate tax to be deducted u/s 194J?Ī.3.

Tax is to be deducted either at the time of actual payment of such fees or its credit to the account of the payee whichever is earlier. What is the point of deduction of TDS u/s 194J?Ī.2. However, an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or professional carried on by him exceed the monetary limits specified under clause (a) or clause(b) of section 44AB during the financial year immediately preceding the financial year in which such sum by way of fees for professional services or technical services is credited or paid, shall also be liable to deduct income-tax under this section. Shall deduct income tax on income comprised therein.ħ. Any sum referred to in clause (va) of section 28 which relates to non-complete payment, orĦ. Any remuneration or fee or commission by whatever name called paid to a director, which is not in the nature of salary (w.e.f. Any person, other than in individual or a HUF, who is responsible for paying to a resident any sum by way of:-ģ. Who is liable to deduct TDS u/s 194J?Ī.1. TDS on Professional or Technical Services Fees for better understanding of readers.

This article is covering some frequently asked questions on Section 194J i.e.

Free tds survey link software