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Tds u/s 194j

shyam (CA Final Student) (166 Points)

11 December 2012

Kindly enlist the entites exempt from tds u/s 194J

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Poonamchand Varma ( Student) (204 Points)
Replied 11 December 2012

Dear Mr. Shyam,

Hope, this will help you :

Persons liable to deduct tax at source u/s 194J

Any person, not being an individual or a Hindu Undivided Family, who is responsible for paying to a resident any sum by way of

(a) Fees for Professional Services, or

(b) Fees for Technical Services.

(d) Any sum referred to in clause (va) of Section 28 (w.e.f. 13.7.06)

as and when the aggregate of the amounts of such credited or paid or likely to be credited or paid during the financial year exceeds Rs. 30,000/-.

Individuals or HUFs who are subject to tax tax audit under Section 44AB during the financial year immediately preceding the financial year in which such sum by way of fees for Professional or Technical Services is paid or credited shall also be liable to deduct tax at source. However if the payment by such individuals and/or H.U.F. is for personal purposes of such individual or any member of the family no deduction of tax is required to be made.

Regards,

Poonamchand

Read more: https://www.simpletaxindia.net/2012/06/tds-on-fees-for-professional-or.html#ixzz2Ejr8oFro

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