receipt receive under section 194j is business income or professional income
6 Replies
ANIL KUMAR KHETAN
(PROPRIETOR)
(542 Points)
Replied 27 September 2018
Assessee is not professional degree. It's run pathology center with guidance of some professional person. I think it is business income. I am right approach or not
madan mohan
(Accounts)
(140 Points)
Replied 27 September 2018
dear anil hi but you said receipt recd. under section 194 j who belong from professional income and liable to deduct tds @ 10% if amount increased by 30k p.a.
Ashwin Kumar
(1234 Points)
Replied 27 September 2018
money received fro rendering of professional service that exceeds 30k per transaction and aggregate above 100k in a year will have to deduct tds under section 194J
madan mohan
(Accounts)
(140 Points)
Replied 27 September 2018
dear ashwin sir plzz check tds chart you talk about section 194c not 194 j.
SHIRISH S S
(Proprietor)
(1031 Points)
Replied 27 September 2018
TDS cut u/s 194J is professional services rendered.
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