sec 4ADA

Not specified.

The expression “Fees for Technical Services” is defined in Explanation 2 to section 9(1)(vii) of the Income-tax Act as under:

“For the purposes of this clause, ‘fees for technical services’ means any consideration (including any lump sum consideration) for the rendering of any managerial, technical or consultancy services (including the provision of services of technical or other personnel)……” A perusal of the aforesaid definition clarifies that the term FTS would include service of the following three types:

• Managerial
• Technical
• Consultancy

More read: https://taxworry.com/answers/what-is-the-definition-of-profession-us-44ab-of-the-income-tax-act1961-is-every-consultant-receiving-consultancy-income-of-25-lakhs-or-more-liable-for-tax-audit/

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