194jb: Section 194JA and Section

Section 194JA and Section 194JB are not the engrossed sections or provisions in the Income Tax Act, 1961 (“Act”) but are segregated section codes for the section 194J of the Act for the purpose of filing of e-TDS return to distinguish deduction of tax (TDS) under section 194J either at 2% or 10%. Section 194JB of Income Tax Act Section 194JB of the Income Tax Act requires any person—except individuals and Hindu Undivided Families (HUFs) not liable for a tax audit—to deduct Tax Deducted at Source (TDS) when making payments for professional services. The TDS must be deducted at the prescribed rate set by the government. Decode Section 194JB of the Income Tax Act with our guide on TDS for professional payments. Learn about tax rates, compliance requirements, and implications for businesses and professionals. Find expert help on OLX. 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.