Monday, March 7, 2011

Finance Act 2010 - Increase in limit for attracting TDS Sec.194J

194J-Payment for
*Fees for ProfessionalServices
*Fees for TechnicalServices
*Royalty or non-compete fees referred to in Sec28(va)
>upto30.06.2010-20000
>after01.07.2010-30000
U/s194J,above Limit is applicable SEPARATELY FOR EACH.
e.g.Pmt to Mr.Ad on2.8.2010,fee for Prof services 28000&for Tech services25000
Ans.TDS=NIL

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