2021年1月29日 · Section 194J provides for deduction of income tax from the payments made towards fees for professional or technical services at the rate of 10 per cent. The rate of TDS for both the 'fees for professional services' and 'fees for technical services' is 10 per cent.

2024年7月26日 · The Finance Act 2019 introduced Section 194JB of the Income Tax Act 1961, which came into effect on September 1, 2019. It covers TDS on the payment of fees for availing professional or technical services, such as medical, architectural, legal, consultancy, or managerial assistance.

2025年2月4日 · Section 194JB mandates that any person, except individuals and Hindu Undivided Families (HUF) not under tax audit, must deduct Tax Deducted at Source (TDS) when paying fees for professional services. This provision applies to payments made to professionals like consultants, architects, lawyers, medical writers, and other service providers.

2024年7月12日 · As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS.

Section 194JB of Income Tax Act requires that any person, excluding individuals and Hindu Undivided Families (HUF) not subject to a tax audit, must deduct Tax Deducted at Source (TDS) when paying fees for professional services. This section is particularly significant for businesses and organisations that work with professionals, such as ...

2021年1月22日 · 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 from 7th August 2020. u/s 194J (a) of the Income Tax Act, is related to TDS deduction on fees for Technical Services, and u/s 194J (b) of the Income Tax Act is related to TDS deduction on ...

2025年2月20日 · Section 194JB of the Income Tax Act mandates that any person (excluding individuals and Hindu Undivided Families (HUF) who are not subject to tax audit) paying fees for professional services must deduct TDS at a specified rate.

2023年3月10日 · Section 194JB applies to non-resident individuals or foreign companies who have made investments in India and have received income from such investments. The section applies to both equity-oriented and non-equity oriented funds. The rate of tax under section 194JB is 10% of the income received by the non-resident individual or foreign company.

2023年3月17日 · Section 194JB of the Income Tax Act, 1961 deals with the TDS on payment of certain dividends by mutual funds. Who is liable to deduct TDS under Section 194JB? The resident individual, HUF, AOP, BOI, or other resident taxpayers who are making the payment of certain dividends by mutual funds are liable to deduct TDS under Section 194JB.

2021年12月27日 · The type of that deduction is Business or Profession (194JB and 194J). So cleartax is asking me to put this income under Business and profession instead of "other". Any suggestions of implications of it?