Technical services under 194j
Webb22 feb. 2024 · Under Section 194J, the TDS rate for fees paid for technical services is 2% of the payment, while the TDS rate for fees paid for professional services is 10% of the … Webb29 juli 2024 · Meaning and applicability of Section 194J – TDS – Professional, Technical Fees. Section 194J – TDS – Professional, Technical Fees- Any person who is paying …
Technical services under 194j
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Webb25 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 … Webb3 aug. 2024 · Non-compete fees, as defined by Section 194J, refer to the monetary or non-monetary compensation that a person receives in exchange for an agreement that …
Webb17 jan. 2024 · Under Section 194J, the maximum limit is Rs.30,000, which applies to each item or payment separately. Commissions, remuneration, or fees paid to a company’s director are subject to TDS under this section, even if the amount is not included in the primary salary. In other cases, the Rs.30,000 restriction does not apply. Webb10 jan. 2024 · Section 194J TDS on Professional or Technical Service Following persons are responsible to deduct tax at source for paying fees for professional or for technical …
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 … Webb22 mars 2024 · The payer must deduct TDS at 2% from such payment before it is paid to the service provider. Even the services covered under 44ABA of the Income Tax Act are …
Webb2 feb. 2024 · The Section 194J of the I-T Act deals with TDS on payments for services such as — fees for professional services and technical services, royalty and non-compete fee …
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 … coldwell banker cutten realtyWebb23 feb. 2001 · The payment so made by the customer, according to the Chief Commissioner, constitutes a fee paid by the customer for technical services attracting … coldwell banker customer service phone numberWebbSection 194J contains a provision related to the deduction of tax at source (‘TDS’) from income by way of fees for professional or technical services. Types of payment covered … dr miles cleveland msWebb21 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 … coldwell banker dallas texasWebbSection - 194J. Fees for professional or technical services. 6 Record (s) Page [1 of 1] in 0.046 seconds. TAX INFORMATION AND SERVICES. TAX LAWS & RULES. … dr miles and schmidt weight loss centerWebb23 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 … dr miles berry top surgeryWebb22 jan. 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 … dr miles ashley vicksburg ms