Not Deduction 94J, Income Tax

[Debdulal Mandal]

When we not deduct for 94J............................................

 

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Do you mean Section 194J of the Income Tax Act, 1961?

[Naveed S]

Sir, there is no need to deduct TDS u/s 194J where the amount of such sum or, as the case may be, the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year does not exceed :‑

(i) ₹ 30,000 in the case of fees for professional services.

(ii) ₹ 30,000 in the case of fees for technical services.

(iii) ₹ 30,000 in the case of royalty.

(iv) ₹ 30,000 in the case of non-complete fee.

Further, the said topic covers lot of issues, you may therefore seek advise from the Income tax department of any Income tax consultant.

[MARIAPPAN GOVINDARAJAN]

What Shri S. Naveed says is correct.