Section 194j

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S. Devi jegatha (Querist)
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30 April 2014 section 194J - Professional charges - TDS - 10% .

My query is , (ex)'X' is a internal (professional) consultancy in a office.yearly he earned 950000. Tds is Rs.95000.whether any tax relief facility is there ? Housing loan interest, Personal LIC eligibility or not

please clarify.

Nischit Sanghavi

Nischit Sanghavi (Expert)
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30 April 2014 'X' is an individual. So he can claim deduction u/s 80C i.e. Housing Loan Interest. PPF, LIC etc. during the filling of his personal return.

Rupesh Jain

Rupesh Jain (Expert)
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30 April 2014 you have to required to deducted TDS u/s 194J @ 10% on whole amount Rs.950000/-

professional can claim deduction u/s 80C and u/s 24 at the time of filing of his personal return .

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