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Section 194j

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06 October 2012 Is reimbursement of construction cost covered under section 194J of the Income tax Act?

06 October 2012 194J is for Professional Fees. if a single transaction is above Rs.30000/- then tds@10% if transactions throughout the year is Rs.75000/- p.a then 10% on entire transactions. If reimbursement is clubbed with the Bill then TDS would be deducted.

If Reimbursement Bills are without supportings then No Tds.

The above construction cost is covered u/s 194C

06 October 2012 Agree with Vinita madam,it would be under sec 194C. But rate would be 1% if payment is made to Individual/Huf and at 2% for payment to others.




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