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TDS u/s 194J

07 June 2020

Please explain TDS on section 194J

List of Professional Services &Technical Services along with Explanation, since the TDS new rate have changed from this year

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6 Replies

Shailja Kanaujia (3 Points)
Replied 07 June 2020

As per amended rates its 7.5%.
on professional services like fee payable to auditors etc

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Padmanabhan (Student) (1321 Points)
Replied 07 June 2020

The new rate is applicable from 14th may 2020 to 31st march 2021.

1 Like

Manikanta juluri (Student) (252 Points)
Replied 07 June 2020

Professional Services are defined under Section 194J includes

Medical

Legal

Engineering

Architectural profession

Accountancy

Technical consultancy, or

Interior decoration

Murugaperumal Jayaraman (23 Points)
Replied 09 June 2020

Could u please share relevant income tax provision as defined under section?

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 July 2020

You can read section 194J from following link

https://www.incometaxindia.gov.in/_layouts/15/dit/mobile/viewer.aspx?path=https://www.incometaxindia.gov.in/acts/income-tax%20act,%201961/2020/102120000000075715.htm&k=

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Krishna Chaudhary (Accountant) (4531 Points)
Replied 23 January 2021

Every person, except an individual or a HUF, making payment to a resident for notified services is covered under section 194J of the Income Tax Act. ... In short, in case of an individual or a HUF, if they are liable to get their accounts audited, they are required to deduct TDS as per provisions of section 194J.Apr

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