Complete Tax Solution

As per  Section 194J of the Income Tax Act, TDS is to be deducted @ 10%  on any amount paid to any resident as:- Fees for professional services, orFees for technical services, orRoyalty, orAny sum referred in Section 28 (Discussed below) Exceptions to TDS Deduction under Section 194J No TDS should be deducted under section 194J if the amount paid or likely to be paid during the financial year does not exceed Rs. 30,000. TDS is liable to be deducted by all class of persons except Individuals and HUF. However, if such Individual/HUF is liable to get his  tax audit conducted under Section 44AB  for the previous financial year, this exception won’t be applicable and they would also be required to deduct  TDS under Section 194J . However, such individual or HUF shall not be liable to deduct TDS on the sum by way of professional or technical services in case such sum is paid exclusively for personal purposes of such individual or any member of  HUF . Sums referred to in section 28 As