Tds deduction
This query is : Resolved
THYAGARAJAN
(Querist)
27 January 2015
one of my client is providing event management services to various clients. some of the clients are deducting u/s 194c n rest u/s 194j. pl any one could help me in this regards which section originally attract the liability for deduction under sec 194c or 194j with the detailed manner and case laws.
CMA MALHAR BEHERA
(Expert)
27 January 2015
Section-194J as it comes under the notification provided below.
SECTION 194J OF THE INCOME-TAX ACT, 1961 –DEDUCTION AT SOURCE OF TAX – NOTIFIED PROFESSIONAL SERVICES
NOTIFICATION NO. 88/2008/F.NO. 275/43/2008-IT(B), DATED 21-8-08
1.In exercise of the powers conferred by clause (a) of the Explanation to section 194J of the Income Tax Act, 1961, Central Board of Direct Taxes hereby notifies the services rendered by following persons in relation to the sports activities as "Professional Services" for the purpose of the said section, namely: –
i.)Sports Persons,
ii.)Umpires and Referees,
iii.)Coaches and Trainers,
iv.)Team Physicians and Physiotherapists,
v.)Event Managers,
vi.)Commentators,
vii.)Anchors and
viii.)Sports Columnists.
2.This notification shall come into force with effect from the date of its publication in the Official Gazette.
SECTION 194J OF THE INCOME-TAX ACT, 1961 –DEDUCTION AT SOURCE OF TAX – NOTIFIED PROFESSIONAL SERVICES
NOTIFICATION NO. 88/2008/F.NO. 275/43/2008-IT(B), DATED 21-8-08
1.In exercise of the powers conferred by clause (a) of the Explanation to section 194J of the Income Tax Act, 1961, Central Board of Direct Taxes hereby notifies the services rendered by following persons in relation to the sports activities as "Professional Services" for the purpose of the said section, namely: –
i.)Sports Persons,
ii.)Umpires and Referees,
iii.)Coaches and Trainers,
iv.)Team Physicians and Physiotherapists,
v.)Event Managers,
vi.)Commentators,
vii.)Anchors and
viii.)Sports Columnists.
2.This notification shall come into force with effect from the date of its publication in the Official Gazette.
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