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Receipt under section 194j

ANIL KUMAR KHETAN (PROPRIETOR) (487 Points)

26 September 2018

receipt receive under section 194j is business income or professional income

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6 Replies

Vl Subrahmanyam (36 Points)
Replied 27 September 2018

professional income

ANIL KUMAR KHETAN (PROPRIETOR) (487 Points)
Replied 27 September 2018

Assessee is not professional degree. It's run pathology center with guidance of some professional person. I think it is business income. I am right approach or not

madan mohan (Accounts) (140 Points)
Replied 27 September 2018

dear anil hi but you said receipt recd. under section 194 j who belong from professional income and liable to deduct tds @ 10% if amount increased by 30k p.a.

Ashwin Kumar (1229 Points)
Replied 27 September 2018

money received fro rendering of professional service that exceeds 30k per transaction and aggregate above 100k in a year will have to deduct tds under section 194J