WebSection 194J TDS of the Income Tax Act of 1961 contains rules for deducting TDS on payments for scientific and skilled services. This article was written to keep you informed … WebAug 6, 2024 · TDS Section 194J is not applicable in the following cases: - If the prescribed payment is made by an individual/HUF. However, if the payment is made by individual/HUF who falls under *44AB (a)/44AB (b) is liable to deduct TDS under section 194J.
Section 194J TDS on Professional or Technical Fees
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 … WebFeb 3, 2024 · If the provisions of section 194D of the Income Tax Act, 1961 are applicable, the Deductor shall deduct TDS at the following rates: The rate of TDS will be 20% in cases where the deductee has not quoted PAN. TDS Calculator Tax Deducted at Source (TDS) is a part of Income Tax. TDS should be deducted by a person for specific payments made. … lead singer of the intruders
TDS Rate Chart AY 2024-25 (FY 2024-24) - thetaxtalk.com
WebTDS u/s 194C or 194J Hi, I need to know the tax applicability would be under 194C or 194J. thanks. This thread is locked. You can follow the question or vote as helpful, but you … WebJan 22, 2024 · – Tax deduction rate for u/s 194J (a) is 2% and for 194J (b) is 10% – In case of payee fails to furnish PAN, he will be liable to pay TDS at the rate of 20% Threshold … WebJun 28, 2024 · Although TDS deduction u/s 194Q is applicable from 01-07-2024, total purchase shall be aggregated from 01-04-2024 to 01-04-2024 for F.Y. 2024-22. Whether non-residents also have to deduct TDS u/s 194Q? Yes. If any non-resident is purchasing goods of more than Rs. 50 lacs form a single seller in India, they have to deduct TDS on it. lead singer of the interrupters