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Section - 194J - Simplification of the provisions of tax deduction at source in case Fees for professional or technical services –

 

The existing provisions of this section requires deduction of tax at source at the rate of 10% of the amount paid or payable to a resident by way of fees for professional services or fees for technical services if the sum paid or payable exceeds Rs.30000/- to a person in a year.

 

The amendment proposes to reduce the rate of tax to 2% from the existing 10% in case of payments to a person engaged only in the business of operation of call centres.

 

The amendment will be effective from 1st June 2017.


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