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194J Income Tax: TDS on Professional Fees

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Under Section 194J, TDS must be deducted on payments for professional or technical services exceeding ₹30,000 in a financial year. The standard rate is 10%, while technical service fees attract 2%. Timely deposit and correct filing of TDS are crucial for compliance. Adhering to 194J income tax rules helps businesses avoid legal issues. https://thefinwin.com/
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