rates under 194 j of incometax

[Asked by Guest]

sir,

i would like to know the percentage of TDS under section 194J income tax act proposed in the latest budget.

urs sincerely

chakravarthy

Dear S. Chakravarthy

section U/S 194J Professional/Technical
charges/Royalty TDS rate is still 10% if payment made more than 30,000.00.  There is not any amendment in TDS for financial year 2013-14. 

AI Summary

TDS under Section 194J retained for professional and technical fees when payments exceed the prescribed threshold.
TDS under Section 194J applies to professional, technical and royalty payments when the amount paid exceeds the prescribed threshold for deduction; the existing withholding rate and threshold remained unchanged in the stated budget period.