Income tax deducted u/s 194j

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2014 Is income received u/s 194J is taxable under Income Tax laws?
194J specifies 'Fees for professional or technical services'.
Total income received u/s 194J during FY 2012-13 is Rs. 70600/- only. If taxable, how much Income Tax should have been deducted?
Thank you.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 March 2014 it applies only to resident payee only so u havent mentioned who is the payee and payer..

Ganeshbabu K

Ganeshbabu K (Expert)
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11 March 2014 Under 194J tds will be deducted at 10%
.
So if total fee is 70600 tds to be deductable @10% which is 7060 balance can be paid to professional

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