is there any tds section 194JB ?
coz its reflecting in 26AS ...plz let me know
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 03 August 2021
Section 194JB are not the engrossed sections or provisions in the Income Tax Act, 1961 (“Act”) but are segregated section codes for the section 194J of the Act for the purpose of filing of e-TDS return to distinguish deduction of tax (TDS) under section 194J either at 2% or 10%.
sabyasachi mukherjee
(27833 Points)
Replied 03 August 2021
ONE IS SEC 194JA AND SEC 194 JB .
ONE IS FEES FOR TECHNICAL SERVICE ENGAGED IN PROFESSION.
ANOTHER IS 194JB.
These two sections are basically sub section of 194J
ONE IS FEES FOR TECHNICAL SERVICE ENGAGED IN PROFESSION.
ANOTHER IS 194JB.
These two sections are basically sub section of 194J
Nidhi
(Chief Accountant)
(3150 Points)
Replied 04 August 2021
194J(b)- Fee for professional service or royalty etc. ( @ 10%)
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