receipt receive under section 194j is business income or professional income
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Receipt under section 194j
Replies (6)
professional income
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
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.
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
dear ashwin sir plzz check tds chart you talk about section 194c not 194 j.
TDS cut u/s 194J is professional services rendered.
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