Income tax- tds 194c or 194j

194C

194J is applicable on Professional Services. Purchase of gold is not an professional services.

Agree. Gold Appraiser is not covered in the definition of professional services u/s 194J.

Hi , Divya,

Services provided by the gold appraiser to the bank is professional services. Therefore bank should deduct TDS U/S 194J.

One of my friend's father is providing such services in Andhra Bank, We use to file his returns then we came to know about that deduction. I hope ur doubt is clarified;.

It would be more  appropriate to deduct u/s194 J as the sec clearly states  any fees  paid for technical/professional services.Appraiser fee is a technical service.and there is no contract between the bank and the appraiser, nor he is an employee of the bank.

Profession classified u/s 44AA is not related to the above subject .

Yes it is comes under 194J (tax on professional)

Before deciding the matter clarifiction for Professional Services in Sec.194J is to be clearly understood.

Appropriate to deduct TDS u/s 194J