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of <h1>Finance Bill 2012 amends Section 194J, mandating 10% TDS on director payments, effective July 1, 2012.</h1> Clause 71 of the Finance Bill, 2012 amends section 194J of the Income-tax Act. It introduces a new clause (ba) effective from July 1, 2012, requiring persons, other than individuals or Hindu undivided families, to deduct 10% income tax on any remuneration, fees, or commission paid to a company director, excluding amounts subject to tax deduction under section 192. This amendment extends the scope of tax deduction at source to include payments made to directors, aligning with the existing provisions for professional or technical service fees.
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