what is 194i&94i
Gaurav Jain
(CA)
(950 Points)
Replied 25 April 2013
It seems that you ae asking about TDS return.Then these both are same.
Apart , 194J is the provision to deduct tax at 10 % on fees for professional or technical servioces , royalty or director fees.
Regards
CA Gaurav Jain
# 99507-55538
CA NITIN AGRAWAL
(Chartered Accountant)
(168 Points)
Replied 25 April 2013
Ritika Pundir
(CA)
(154 Points)
Replied 25 April 2013
They both are the same, though used diferently. 194I is the section governing TDS on rent @ 10% or 2% as applicable whereas 94I is the code written in the TDS deducted on rent in the TDS return.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
