Please explain U/s 194JB TDS On Technical Services @ 2%
Which Services are under technical services.
TDS U/s 194JB
PRASAD BARKASE (1 Points)
27 August 2021
2 Replies
Baskar
(CMA)
(93 Points)
Replied 27 August 2021
TDS on Technical and Professional services covered under section 194J and rate of TDS is 10%
when any service in the nature of managerial, technical or consultancy is rendered, it will be come under section 194J. In other words, to provide such services, a person should have specific technical/Professional Skill.so that the services are divided into two sections namely 194c and 194j
194c-normal, routine and maintenance contracts
194j-professional and technical- for ex.
- legal,
- medical,
- engineering or
- architectural profession or
- the profession of accountancy or
- technical consultancy or
- interior decoration
- consultancy services
Suresh Kumar m
(2 Points)
Replied 27 August 2021
Under which schedule one is supposed to enter income received under section 194JBin ITR3
Please guide
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