Exclusion of professional fees from contractor TDS rules clarifies which payments require withholding under professional services provisions. The amendment expressly excludes sums covered by section 194J from the definition of "work" in the Explanation to section 194C, removing overlap where ... Summary
Exclusion of professional fees from contractor TDS rules clarifies which payments require withholding under professional services provisions.
The amendment expressly excludes sums covered by section 194J from the definition of "work" in the Explanation to section 194C, removing overlap where payments for professional or technical services could otherwise be taxed as contractor payments; the change is framed as an anti avoidance clarification and takes effect from 1st October 2024.
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