Section194M: TDS on payment to resident contractors and professionals

CA Pratik Bhavsar , Last updated: 15 June 2020  
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A New Section 194M is inserted in The Income Tax Act, 1961 [The Act] videFinance Act, 2019to provide for levy of TDS at the rate of 5% on the sum paid or credited in a particular year on account of contractual work or professional fees by an individual or a Hindu undivided family(HUF), only if aggre

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Published by

CA Pratik Bhavsar
(Chartered Accountant)
Category Income Tax   Report

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