194jb: Learn everything about Section 194JB

Learn everything about Section 194JB of the Income Tax Act, including TDS on professional services, payments to mutual funds, technical consultancy fees, and non-compete payments. Understand who should deduct TDS, when, how much, and under what conditions, with clear examples and the latest compliance rules. The primary distinction between Section 194J (a) and 194J (b) lies in the TDS rate applied to different categories of payments. Any consideration (including any lump sum consideration) for the rendering of managerial, technical, or consultancy services. Understand the applicability, TDS rates, threshold limits, and compliance rules under Section 194JB of the Income Tax Act for FY 2024–25. Every person excluding an individual or a HUF, making payment to a resident for notified services, will be covered u/s 194J (a) & 194J (b) in the Income Tax Act. Payments that are being covered u/s 194J (a) Payments that are being covered u/s 194J (b) Tax Deduction Rate. Threshold Exemption Limit.