What is the Maximum Exemption limit of TDS under Section 194J.
Limit of TDS on Section 194-J
DHARMENDRA SINGH
TDS exemption limit under Section 194J increased from 20,000 to 30,000, effective July 1, 2010. A query was raised regarding the maximum exemption limit of Tax Deducted at Source (TDS) under Section 194J of the Income Tax Act. In response, it was clarified that the limit has been increased from twenty thousand rupees to thirty thousand rupees, effective from July 1, 2010. (AI Summary)