Not Deduction 94J

[Debdulal Mandal]

When we not deduct for 94J............................................

 

[DR.MARIAPPAN GOVINDARAJAN]

Do you mean Section 194J of the Income Tax Act, 1961?

[Mahir S]

Sir, there is no need to deduct TDS u/s 194J where the amount of such sum or, as the case may be, the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year does not exceed :‑

(i) ₹ 30,000 in the case of fees for professional services.

(ii) ₹ 30,000 in the case of fees for technical services.

(iii) ₹ 30,000 in the case of royalty.

(iv) ₹ 30,000 in the case of non-complete fee.

Further, the said topic covers lot of issues, you may therefore seek advise from the Income tax department of any Income tax consultant.

[DR.MARIAPPAN GOVINDARAJAN]

What Shri S. Naveed says is correct.

AI Summary

TDS under section 194J not required where aggregate payments for professional, technical, royalty or non compete services fall below statutory threshold. TDS under section 194J need not be deducted where the aggregate of amounts credited, paid, or likely to be credited or paid in a financial year for fees for professional services, fees for technical services, royalty payments and non compete fees does not exceed Rs.30,000; taxpayers should consult tax authorities or a tax professional for detailed guidance.