TMI BlogSection 194J - TDS on fees for professional services or technical servicesX X X X Extracts X X X X X X X X Extracts X X X X ..... atever name called, other than those on which tax is deductible under section 192 , to a director of a company. Shall deduct income tax on income comprised therein. Time of Deduction At the time of credit or payment, whichever is earlier. Rate of TDS 10% However, in the following cases, the rates of TDS shall be 2% instead of 10% (i) Fees for technical services (not being a professional service). (ii) Royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films (iii) Person who is engaged in the business of operation of call centre. Threshold Limit where the amount of such sum or the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board for the purpose of section 44AA or of the section. Other professional notified for the purposes of section 44AA are as follows Profession of authorised representative Profession of Film artist [ Refer explanation (c) of Rule 6F of Income Tax Rules ] Film artist means any person engaged in his professional capacity in the production of a cinematograph film whether produced by him or by any other person, as (i) an actor; Stunt Artist is not a Actor - No stunt artist is not actor and it does not covers in the meaning of Film artist for the purpose of section 44ADA and sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowing services managerial services , technical services or consultancy services (including the provision of services of technical or other personnel) but does not include in Fees for technical Services if any consideration received construction, assembly, mining or like project undertaken by the recipient or consideration which would be income of the recipient chargeable under the head Salaries . [ Explanation 2 of section 9(1)( vii ) ] The services rendered by hospitals to various patients are primarily medical services and, therefore, provisions of section 194J are applicable on payments made by Third Party Administrator (TPA) to hospitals. [ Circular no. 08/2009 dated 24.11.2009 ] Whether transaction charges paid by the members of the s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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