WebJun 14, 2012 · 2. This notification shall come in to force from the 1st day of July, 2012. (J. Saravanan) Under Secretary (TPL-III) CBDT Notification dt. 13.06.2012 exempting software purchase from s. 194J TDS (12.7 KiB, 64,647 hits) ‹ Commissioners of Income-tax Selected For Foreign Training In USA. WebFeb 17, 2024 · TDS under section 194J of Income Tax Act shall be deducted by an individual or HUF, if the total sales, gross receipts or turnover from the business or profession …
Section 194J: TDS On Fees For Professional Or Technical Services
WebMar 5, 2024 · Section 194J of the Income Tax Act requires the deduction of tax at source on professional or technical services. This section applies to payments made to a resident individual, Hindu Undivided Family (HUF), partnership firm, Limited Liability Partnership (LLP), or private limited company. In this blog post, we will discuss Section 194J in detail. WebJun 15, 2024 · TDS under section 194C is not required to be deducted in following cases: The amount of payment made to the contractor in a single contract which does not exceed Rs.30,000.If the aggregate amount of such contracts in a financial year exceeds Rs.1,00,000 then TDS will be deducted. When any amount is paid to the contractor by an individual or … florys mahopac ny
Section 194C - TDS on Payment to Contractor - Sec 194C of Income Tax Act
WebJun 17, 2024 · Services covered under Section 194J. The various services qualifying for TDS deduction under Section 194J are professional and technical services, remuneration paid to directors of a company (not including salary), royalty, and non-compete fees. What is 194JB? Section 194JB of the Income Tax Act includes the provision for the deduction of tax ... WebThe TDS deduction rates under Section 194J of the Income Tax Act are as below: Payment Nature. Section 194J TDS Rate. Technical services fee payment. 2%. Call centres fee … WebJun 22, 2024 · The Supreme Court of India in its recent judgement has held that no deduction under section 80IB of the Income Tax Act, 1961 is allowable on profit from Duty Entitlement Pass Book Scheme (DEPB) / duty drawback schemes. The appellant, M/s. Saraf Exports challenged the impugned judgment and order passed by the High Court of […] flory slingback pumps