is technical consultant defined in act or rules?
can PF & ESIC be said as Technical Consultant for the purpose of section 44ADA?
Is technical consultant defined in act or rules?
- As per sec 44ADA with 44AA(1)
Technical services
As per income tax rules, ‘fees for technical services’ means managerial, technical, and consultancy services but does not include payments considered as Salary by the recipient of such income.
One can define technical services as providing services that involve technical expertise or expertise in technology.
The scope of managerial services can be defined as running and management of the business of the client.
Consultancy services can be understood as advisory services wherein necessary advice and consultation are given to the clients for their business.
As per the Supreme Court’s judgment, technical service would include services provided by a human. It would not have any service provided by machines or robots.
(I can't understand this question)
can PF & ESIC be said as Technical Consultant for the purpose of section 44ADA?
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