Income tax deducted u/s 194j
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2014
Is income received u/s 194J is taxable under Income Tax laws?
194J specifies 'Fees for professional or technical services'.
Total income received u/s 194J during FY 2012-13 is Rs. 70600/- only. If taxable, how much Income Tax should have been deducted?
Thank you.
194J specifies 'Fees for professional or technical services'.
Total income received u/s 194J during FY 2012-13 is Rs. 70600/- only. If taxable, how much Income Tax should have been deducted?
Thank you.
11 March 2014
it applies only to resident payee only so u havent mentioned who is the payee and payer..
Ganeshbabu K
(Expert)
11 March 2014
Under 194J tds will be deducted at 10%
.
So if total fee is 70600 tds to be deductable @10% which is 7060 balance can be paid to professional
.
So if total fee is 70600 tds to be deductable @10% which is 7060 balance can be paid to professional
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