Budget 2024: Exclusion of Section 194J Payments from Section 194C w.e.f 1st Oct 2024

Last updated: 26 July 2024 Follow on Google News

Excluding sums paid under section 194J from section 194C (Payments to Contractors) Section 194C of the Act provides for TDS on payments to contractors at the rate of 1% when the payment is being made or credit is being given to an individual or HUF and 2% in other cases. Section 194J of the Act rel

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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