Services definition for tax deduction includes professional and technical fees, covering specified professions and notified professional activities. For TDS/TCS purposes, "services" includes fees for technical services and fees for professional services. Under the Income-tax Act, 1961, professional ... Summary
Services definition for tax deduction includes professional and technical fees, covering specified professions and notified professional activities.
For TDS/TCS purposes, "services" includes fees for technical services and fees for professional services. Under the Income-tax Act, 1961, professional services include services rendered in legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration and advertising professions, as well as other notified professions. Fees for technical services carry the meaning assigned for income deemed to accrue or arise in India.
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