Technical services under 194j
Webb17 feb. 2024 · TDS on professional fees or technical services is to be deducted by the person making payment for such services. The same has been provided under Section 194J of the Income Tax Act. For example, the following fees are covered under Section 194J: – Professional fees paid to lawyers, doctors, chartered accountants, architects, … Webb19 juni 2024 · 2. Professional Services under Section 194J. Meaning of the term Professional Service is given in the explanation (a) to section 194J of the Act. Any …
Technical services under 194j
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WebbTechnical Services covered under section 194J Technical services mean any consideration for rendering services of managerial, technical ,consultancy nature. But … The type of payments to residents covered under this section are as follows: 1. Professional fees 2. Fees for technical services 3. Remuneration paid to directors excluding salary (For e.g., sitting fees to attend board … Visa mer Every person making a payment in the nature of fees for professional or technical services is liable to deduct tax at source. However, below … Visa mer The tax should be deducted at the time of- 1. Passing such entry in the accounts or 2. Making the actual payment of the expense, whichever earlier. Visa mer
Webb21 jan. 2024 · Earlier under section 194J for all the payment 10% TDS Rate is used, but a new rate of 2% is provided in Finance Act 2024. In the Finance Act 2024, an amendment … Webb7 okt. 2024 · The professional and technical services has deduction of tax at source as per Section 194J of Income-tax which came into effect on 1st July 1995. ... In case of …
Webb23 nov. 2024 · Rates of TDS under section 194J Note: (a) If the payee is engaged only in the business of operation of a call centre, the TDS rate of 2% shall be effective in place … Webb4 sep. 2024 · The limit of Rs. 30,000 under section 194J is applicable separately for fees for professional services, fees for technical services, royalty and non-compete fees …
Webb2 feb. 2024 · Section 194J breaks in two different rates 2% and 10% for fees for technical services and fees for professional services respectively. Section 194J of the Act …
Webb11 aug. 2024 · 4. Issues faced by deductor under Section 194J. Prior to 01.04.2024, Fees for technical services was liable to TDS under section 194J. Similarly, section 194C … how to keep posture straightWebb23 jan. 2024 · As per Union Budget 2024, the TDS rate for the payment of fees for technical services under Section 194J of Income Tax Act has been reduced to 2% from 10%. The … joseph fiocco safe highway engineeringWebb10 maj 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 … how to keep potatoes from getting softWebb7 feb. 2024 · Section 194J of Income Tax Act: Types of payments covered The section pertains to tax deductions at source for professional or technical services. This section … joseph fiore artistWebb25 mars 2024 · Section 194J of the Income-tax Act, 1961 deals with TDS deduction on fees for professional or technical services. The prescribed persons are required to deduct … how to keep poster on wallWebb12 juni 2024 · Section 194J of Income tax act, 1961 speaks about the applicability of TDS provisions on Professional and Technical services. Before understanding the difference … joseph fioccoWebb4 apr. 2024 · Coverage of Section 194J of the Income Tax Act List of notified services Understanding the meaning of important terms – 1. Professional Services – 2. Fees for … joseph finley 1759