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Applicability of 194J Income Tax

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Section 194J applies to payments for professional, technical, royalty, and non-compete fees exceeding ₹30,000 per year. A 10% TDS is applicable, except for technical services, which attract 2%. Businesses must ensure accurate deductions and timely deposits to comply with 194J income tax provisions and avoid interest or penalties. https://thefinwin.com/
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