This is Good News for all the Small Businesses and Professionals to Increase the Turnover Limits for Presumptive Taxation Scheme (AY 2024-25). The Indian government, in the Budget 2023, introduced some good changes for small businesses and professionals opting for the presumptive taxation scheme under sections 44AD & 44ADA. In […]
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Fee for professional services and technical services under section 194J
Hello Friends, In my today’s blog, I will let you know about section 194J of the Income Tax Act. What is it? Section 194J of the Income Tax Act, 1961, mandates the Tax Deduction at Source (TDS) on payments made for professional or technical services rendered by resident individuals or […]
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