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Tds 194J section query

Bhavika Tourani (156 Points)

03 August 2021

is there any tds section 194JB ?
coz its reflecting in 26AS ...plz let me know

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 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%.

CMA Poornima Madhava (CMA) (13097 Points)
Replied 03 August 2021

It would be same as 194J

sabyasachi mukherjee (26047 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