Technical services under 194j

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August undefined, 2024

WebbTechnical Services covered under section 194J Technical services mean any consideration for rendering services of managerial, technical ,consultancy nature. But … WebbSection - 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. …

Section 194J: TDS on Professional or Technical Services

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 … bjch123.com

What is Section 194JA and Section 194JB - taxcorner.co.in

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 … 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 … Webb23 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 … bjc fishing

Section 194J – TDS for Professional or Technical Services

TDS Section 194J (194JA/194JB) of Income Tax Act

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 … Webb5 juni 2024 · (1)When “technical services” are provided in the course of a specified profession as detailed under section 194J by any Individual, partnership, LLP, then since … bjch321.comWebb11 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 … datetime as string python

"Webb9 dec. 2024 · The deduction of tax at source (TDS) has been very helpful in the collection of taxes in the country by targeting the source of income itself. TDS eases the taxpayer’s … " - Technical services under 194j

Technical services under 194j

TDS Under Section 194J(a) & 194J(b) – TDSMAN Blog

Webb6 aug. 2024 · TDS Section 194J is a provision in the Income Tax Act 1961 that deals with the deduction of TDS on fees for technical and professional services. The section is … Webb10 dec. 2024 · Section 194J – TDS on Professional Services or Technical services Following persons are responsible to deduct tax at source for paying fees for …

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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 … 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 …

Webb26 maj 2024 · TDS Rate under Section 194J. If a person makes a payment for any professional or technical services, Then they are entitled to TDS under section 194J of … Webb29 jan. 2024 · Since in many cases fees for technical services may be classified under section 194C or section 194J, however, the difference in rates of TDS was inviting …

WebbRate of Tax Deduction Under section 194J. As covered in this section, all payments are subject to a standard TDS rate of 10%. However, if the Deductee does not provide the … Webb7 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 …

Webb26 maj 2024 · TDS Section 194J of the Income Tax Act 1961 includes provisions regarding the TDS deduction of fees for technical as well as professional services. We prepared …

Webb6 juli 2024 · Section 194J requires deduction of tax at source @10% from the amount credited or paid by way of fees for professional services, where such amount or … bjc flu shots st louisWebb17 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. bjc foods malaysiaWebb3 mars 2024 · Section 194 JA: TDS deducted at the rate of two percent for fees for technical services, call centers and royalty paid for sale, distribution or exhibition of … bjc good faith estimateWebbTDS on professional fees or fees for technical services falls under Section 194J and is charged at a rate of 10% when payments are made to residents. Examples of careers where TDS is deducted at the source includes professions such as law, architecture, interior design, medicine, advertising, etc. Tax payments made by individuals working in these … bjch110.comWebb10 dec. 2024 · Section 194J – TDS on Professional Services or Technical services. TDS is required to be deducted by the service receiver to the service provider under 194J. TDS is a mandatory deduction, which needs to be deposited into the government treasury as on the prescribed date and specified rate. bjch100.comWebb29 juli 2024 · Meaning and applicability of Section 194J – TDS – Professional, Technical Fees. Section 194J – TDS – Professional, Technical Fees- Any person who is paying … bjc gives back bjc geriatric physicians