Section 194J TDS on fee for professional fee
Professional fee mean service rendered by a person in the cousre of arrying on legal,medical,architectual or enginnersing profession or profession of accountancy or techinical consultancy or intereior decoration or advertising or any other profession notified under section 44 AA .
Technical services fee for technical services mean any consideration ( including any lump sum consideration ) for the rendering of any managerial,technical or consultancy services but does not inculding consideration for any construction, asssembly, mining or like project undertaken by the recipient or consideration which would be income of the recipient chargeable under the head salaries.
Royalty mean consideration 9 including any lump sum consideration but excluding any consideration which would be the income of the receipt chargeable under the head capital gains
Rate of TDS deductionas per TDS rate
If the payee is running a business of call centre 2%
If case fee for technical or royalty paid other than cinematographic 2%
If professional royalty paid 10%
Other proessional fee 10%
When TDS required to decudted
If payment exceed Rs. 30,000 in case of royalty payment
If Payment exceed Rs. 30,000 in case of Technical fee payment or proessional fee
Deducted TDs amount should be deposited to Central Government Account on or before 7th days of next month through challan no 281 online payment