Question

The rate of Tax Deducted at Source (TD

  • S on payments of professional fees to a resident individual (if PAN is furnished) under Section 194J is generally:
A 1% Correct Answer Incorrect Answer
B 2% Correct Answer Incorrect Answer
C 5% Correct Answer Incorrect Answer
D 10% Correct Answer Incorrect Answer
E 20% Correct Answer Incorrect Answer

Solution

Generally, TDS on professional fees under Section 194J is 10%. (A lower rate of 2% applies to certain categories like technical services or royalty in the nature of industrial/scientific equipment)

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