rakkesh
asked
How do I claim the income tax rebate on section 194J?
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pranjali
answered
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.
