Reducing the rate of TDS on fees for technical services (other than professional services).

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..... or a HUF, who is responsible for paying to a resident any sum by way of fees for professional services, or fees for technical services, or any remuneration or fees or commission by whatever name called (other than those on which tax is deductible under section 192 of the Act, to a director), or royalty or any sum referred to in clause (va) of section 28, shall, at the time of payment or credit of .....

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..... to reduce rate for TDS in section 194J in case of fees for technical services (other than professional services) to two per cent from existing ten per cent. The TDS rate in other cases under section 194J would remain same at ten per cent. This amendment will take effect from 1st April, 2020. [Clause 79] Budget 2020-21 + FINANCE BILL, 2020 - FAQ - Frequently Asked Q .....

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