π’ Section 194J Update
TDS on professional services payments is now required to be deducted only if the amount exceeds βΉ50,000, up from the previous limit of βΉ30,000.
β
Key Takeaway:
βοΈ Higher exemption threshold means reduced TDS compliance burden
βοΈ Beneficial for professionals receiving payments below βΉ50,000
Stay updated and ensure smooth tax compliance! πΌπ
#TDS #Section194J #TaxUpdate #FinanceNews #ProfessionalServices #ComplianceMatters
