What is Section 194JB? Section 194JB of Income Tax Act requires that any person, excluding individuals and Hindu Undivided Families (HUF) not subject to a tax audit, must deduct Tax Deducted at Source (TDS) when paying fees for professional services. Section 194JB of the Income Tax Act mandates that any person—excluding individuals and Hindu Undivided Families (HUFs) not subject to a tax audit—must deduct Tax Deducted at Source (TDS) when making payments for professional services. 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. Understand the applicability, TDS rates, threshold limits, and compliance rules under Section 194JB of the Income Tax Act for FY 2024–25.
