TDS u/s 194J

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23 Points Posted on 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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On 07 June 2020 at 06:48 Report
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Quick Summary
This discussion clarifies the TDS (Tax Deducted at Source) provisions under Section 194J of the Income Tax Act. It highlights the reduced TDS rate of 7.5% applicable to professional and technical services from May 14, 2020, to March 31, 2021. The post also lists examples of professional services covered by this section, such as fees for auditors, medical, legal, and engineering professionals, and explains who is liable for deducting this TDS.

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3 Points Posted on 07 June 2020
As per amended rates its 7.5%.
on professional services like fee payable to auditors etc
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On 07 June 2020 at 09:57
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Student
1321 Points Posted on 07 June 2020
The new rate is applicable from 14th may 2020 to 31st march 2021.
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On 07 June 2020 at 16:17
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Student
252 Points Posted on 07 June 2020
Professional Services are defined under Section 194J includes

Medical

Legal

Engineering

Architectural profession

Accountancy

Technical consultancy, or

Interior decoration
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On 07 June 2020 at 18:26
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23 Points Posted on 09 June 2020
Could u please share relevant income tax provision as defined under section?
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On 09 June 2020 at 13:19
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Tax and Business Consultant
11616 Points Posted on 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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On 24 July 2020 at 23:02
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Accountant
4533 Points Posted on 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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On 23 January 2021 at 23:57

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