TDS UNDER 194j

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Avinash Jeevan Dsouza

Accounts Officer & In charge

3308 Points Joined August 2014

Please let us know the TDS implication uder Section

194J(a) rate of TDS whether its 7.5% or 1.5%/0.75% - for which type of service its applicable?

194J(b) rate of TDS whether its 7.5% or 1.5%/0.75% - for which type of service its applicable?

Replies (2)

prasad Nilugal

GST Practitioner & Accounts

14949 Points Joined March 2014

Section 194 (a) Fees for professional services TDS is 7.5 % from 14/5/2020 to 31/3/2020 earlier it was 10% ,( threshold limit is 30000/- )

Section 194(b) Fees for technical services TDS is 1.5 % from 14/5/2020 to 31/3/2020 earlier it was 2% , limit is ( threshold limit is 30000/- )

reduced rates announced on 13/5/ 2020 , please obtained circular from Income Tax web site or department .

Krishna Chaudhary

Accountant

4531 Points Joined February 2017

Under Section 194J, Rs.30,000 is the maximum limit which is applicable to each item or payment independently.

TDS under this section is also applicable on commission or remuneration or fees given to a company’s director, even though the amount is not a part of the main salary. In these cases, the Rs.30,000 limit is not applicable.