Section 194J - Fees for professional or technical services. Union Budget 2025-26 (Full) + Finance Bill, 2025 - Finance Bill

Union Budget 2025-26 (Full) + Finance Bill, 2025 Section 194J - Fees for professional or technical services. Section 194J of the Act requires for deduction of tax at source on payment by any person, not being an individual or a Hindu undivided family, who pays to a resident any sum of the nature of fees for professional or technical services, any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company, or royalty, or any sum referred to in clause (va) of section 28 of the Act, at the rates specified therein. 2. Clause (B) of proviso to sub-section (1) of section 194J provides the threshold amount of sum paid during the financial year for tax to be deducted under this section. It is proposed to increase the thresholds specified in Clause (B) of proviso to sub-section (1) of section 194J of the Act as below S. No Nature of sum Current threshold to deduct TDS Proposed threshold 1. Fees for professional services Rs. 30,000/- Rs. 50,000/- 2. Fees for technical services Rs. 30,000/- Rs. 50,000/- 3. Royalty Rs. 30,000/- Rs. 50,000/- 4. Any sum referred to in clause (va) of section 28 Rs. 30,000/- Rs. 50,000/- 3. This amendment will take effect from the 1st day of April 2025. [Clause 60] Full Text : Union Budget 2025-26 (Full) + Finance Bill, 2025