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Existing Rate (Financial Year 2016 - 2017 or AY 2017-18)

Section Description Cutoff Rate of TDS
194J Professional/Technical/Royalty/Non Compete Fees 30000 10%

New Rate of TDS (Applicable from 1 June 2017)

Section Description Cutoff Rate of TDS
194J Professional/Technical/Royalty/Non Compete Fees    
  Paid to Business Exclusively in Call Center Business 30000 2%
  Other Persons 30000 10%

 

Services covered

Example 

(1) Professional Services

CA service / Audit fees / Lawyer / CS / CWA

(2) Technical Service

Engineering Co / Technical inspection

(3) Royalty

Fees for patent / Copy right / Trademark

(4) Employees on contract doing white collared Job

Accountant / Salesman / Engineer hired directly or through agency

 

Question

Q1.

1.Bill from CA for Audit fees Rs 10000 per quarter

View Answer

 

Q2.

Bill from CA Professional Charges Rs 15000 per annum + Rs 2000 pm for Certificate Issue Charges

View Answer

 

Q3. 

Cash Sales made Rs 30 lacs 5% Royalty paid to AB Technologies for using its technologies

View Answer

 

 

 

  1. Tax Practical
  2. Practical TDS (Non Salary)
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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