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Understanding 194J Income Tax: A Brief Overview

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Section 194J of the Income Tax Act mandates TDS deduction on professional or technical service payments exceeding ₹30,000 annually. The standard TDS rate is 10%, while fees for technical services attract 2%. Payers must deduct and deposit TDS on time to avoid penalties. Compliance with 194J income tax ensures smooth financial transactions. https://thefinwin.com/
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