Budget 2017, proposed
to amend section 194J to reduce the rate of deduction of tax at source to 2% to
from 10%, in case of payments received or credited to a payee, being a person
engaged only in the business of operation of call centre.
Section 194J provides
that a specified person is required to deduct an amount equal to ten per cent.
of any sum payable or paid ( whichever is earlier) to a resident by way of fees
for professional services or fees for technical services provided such sum
paid/payable or aggregate of sum paid/payable exceeds thirty thousand rupees to
a person in a financial year.
This will be effective
from 1st June 2017.
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