X Ltd is paying yoga and destressing or healing expenses for the benefits of their employees for amount of 39000. in which A Ltd is deducting 50% of the amount from employees salaries.
Pls suggest in which section tds should be deducted and on which amount??
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Tds deduction on payment of benefits of employees
Replies (4)
There is no specific provision for payment made for yoga and destressing services.
however tds can be deducted u/s 194J on complete 39000/-
however tds can be deducted u/s 194J on complete 39000/-
But it is not a professional service as per section 194j?
In my opinion yoga instructor are covered under 194j because specific training is required to be a yoga instructor...however if u assessee has entered into any contract with yoga institute tds u/s 194 C will be deducted
It is a one time activity only. and confusion is there is specific professions mentioned according to section 44A of the income tax act is applicable to businesses and professionals belonging broadly to particular sectors and professions, these include:
Legal
Engineering
Medical
Architecture
Entertainment
Accountancy
Company secretary
Interior decoration and
Technical consultancy
which are considered as professions for 194 j.
Legal
Engineering
Medical
Architecture
Entertainment
Accountancy
Company secretary
Interior decoration and
Technical consultancy
which are considered as professions for 194 j.
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