How do I claim the income tax rebate on section 194J?
Taxation second 194J has following requirements - 1.The nature of payment -Fees for professional or technical services or royalty or non compete fee or remuneration. 2.The payment should be other than salary to director. 3,Exemption limit-30,000 each in a financial year. 4.person shall deduct tax @10% on income comprised by him.That is on total payment @10% 5.tax is not to be deducted if the amount or the aggregate amount of such fees does not exceed 30,000 in a financial year.