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Section 194J - TDS on Professional or Technical Fees
31Dec

Section 194J – TDS on Professional or Technical Fees

Introduction: Section 194J of the Income Tax Act deals with the tax deduction at source (TDS) on certain professional or technical services. In this article, we will understand the detailed analysis of payments made to professionals such as lawyers, accountants, doctors, technical experts, and others.  Legal provisions:  (1) Any person, not being an individual or a Hindu...

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TDS under section 194M of the Income Tax Act, 1961
04Dec

TDS under section 194M of the Income Tax Act, 1961

Tax Deduction at Source (TDS) For quick and efficient tax collection, the Income Tax Act has incorporated a tax deduction system at the point of income generation. This system is termed "Tax Deducted at Source," or TDS. Under this method, tax is deducted from the source of income.  Tax is deducted by the payer and...

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