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Excise Case Synopsis

—In section 194J of the Income-tax Act, in the first proviso to sub-section (1), in clause (B), for the words "twenty thousand rupees", wherever they occur, the words "thirty thousand rupees" shall be substituted with effect from the 1st day of July, 2010.

Clause 41 of the Bill seeks to amend section 194J of the Income-tax Act relating to fees for professional or technical services.

Under the existing provisions contained in the aforesaid section, no deduction of income-tax shall be made where the amount of such sum or the aggregate of the amounts of such sums, relating to fees for professional or technical services or royalty or any sum referred to in clause (va) of section 28, credited or paid or likely to be credited or paid during the financial year to the account of, or to, the payee does not exceed twenty thousand rupees.

It is proposed to enhance the said limit from twenty thousand rupees to thirty thousand rupees.

This amendment will take effect from 1st July, 2010.

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