A company is providing an institute with 4 scientific trainers. The invoice shows "Cost of Scientific Trainer for 4 trainers @ Rs 10,000 per trainer per month for the current month = Rs 40,000"
Now when TDS is deducted, is it deducted u/s 194C @ 2% as the company is supplying with labour or is it deductible u/s 194J as the scientific training is of professional nature?
Professional fees for technical services are one of the most significant types of payments made by a business organisation. Fee payments made to doctors, lawyers, chartered accountants, engineers, etc., are a few examples of professional fees. Section 194J applies to such payments given to residents. Threshold => 30000 payments
Sorry, Professional fees for technical services are one of the most significant types of payments made by a business organisation. Fee payments made to doctors, lawyers, chartered accountants, engineers, etc., are a few examples of professional fees. Section 194J applies to such payments given to residents
Sorry The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that TDS is not deductible on training fees paid to professional trainers as it does not amount to fees for technical services
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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