Professional TAx u/s16(iii)
This query is : Resolved
19 December 2007
What is meant by Professional Tax?
Whethrt it is same as TDS u/s 194J?
Whethrt it is same as TDS u/s 194J?
19 December 2007
Profession tax is entirely a different concept and has no nexus with TDS u/s 194J.
Profession tax is a tax on employment levied by the state under article 276(2) of the constitution and as deducted from salary on the basis of the slab rate.
TDS u/s 194J is tax deduction at source for any sum paid by way of fees for professional / technical services. The same is governed by the Income tax Act 1961
Rgds/
Vineet
Profession tax is a tax on employment levied by the state under article 276(2) of the constitution and as deducted from salary on the basis of the slab rate.
TDS u/s 194J is tax deduction at source for any sum paid by way of fees for professional / technical services. The same is governed by the Income tax Act 1961
Rgds/
Vineet
19 December 2007
Thanks a lot.
Thanks a lot.
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