Amshumali Sharman (AA) (34 Points)
10 January 2024A company is providing an institute with 4 scientific trainers. The invoice shows "Cost of Scientific Trainer for 4 trainers @ Rs 10,000 per trainer per month for the current month = Rs 40,000"
Now when TDS is deducted, is it deducted u/s 194C @ 2% as the company is supplying with labour or is it deductible u/s 194J as the scientific training is of professional nature?
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 10 January 2024
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 13 January 2024
sabyasachi mukherjee
(27089 Points)
Replied 14 January 2024
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 14 January 2024
CA Raj Doshi
(Practising CA)
(8898 Points)
Replied 15 January 2024
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 16 January 2024
Professional fees for technical services are one of the most significant types of payments made by a business organisation. Fee payments made to doctors, lawyers, chartered accountants, engineers, etc., are a few examples of professional fees. Section 194J applies to such payments given to residents. Threshold => 30000 payments
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 16 January 2024
Sorry, Professional fees for technical services are one of the most significant types of payments made by a business organisation. Fee payments made to doctors, lawyers, chartered accountants, engineers, etc., are a few examples of professional fees. Section 194J applies to such payments given to residents
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 16 January 2024
Sorry The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that TDS is not deductible on training fees paid to professional trainers as it does not amount to fees for technical services
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