TDS ON Professional Services Provided by IIT

This discussion explores whether Tax Deducted at Source (TDS) applies to payments made to IIT for professional services. While IIT claims exemption under Section 10(23C) as an educational institute, the query highlights that professional services typically fall under Section 194J, requiring a 10% TDS deduction. The applicability of Section 10(23D) for mutual funds is also mentioned as distinct from this scenario.