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Section 94j tds

WebNote 1: Consider tax treaties before determining the rate of withholding tax under Section 195. Note 2: Monetary limit for TDS applicability should be considered while determining TDS liability. Advisory: Information relates to the law prevailing in the year of publication/ as indicated .Viewers are advised to ascertain the correct position/prevailing law before … Web6 May 2024 · The present article features the TDS provisions contained under section 194J of the Income Tax Act, 1961 relating to the TDS deduction on fees for professional or technical services.. Coverage of Section 194J of the Income Tax Act. Categories of the person covered under section 194J. Every person, except an individual or a HUF, making …

TDS Section 194J (194JA/194JB) of Income Tax Act

WebNo TDS from payment of consideration for purchase of an immovable property (other than agriculture land) 194-IA. If consideration of immovable property and its stamp duty value doesn’t exceed Rs. 50,00,000. 17A. No TDS from payment of rent in respect of any land or building. Note: Other than the rent covered by section 194-I. 194-IB WebTDS return. As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return. Basic provisions relating to due date of payment of TCS to the credit of Government Section 206C gives various items on which tax is to be collected at source. The tax so cheston chan https://bethesdaautoservices.com

94C and 94J [Resolved] Income Tax - CAclubindia

Web28 Jan 2009 · If a retired Conl. running a security and detective agency and makes two bills. one for securit gaurds charges under contract with client and another against detective services. Are TDS will be deducted on both bills under section 194C or. 1. u/s 194C on bill of security gaurds charges. 2. u/s 194J on bill of detective work done. Webthe second proviso to section 194 or in view of the notification issued under clause (e) of the second proviso to section 194; (xv) furnish particular of amount paid or credited on which … Web5 May 2024 · The payer must deposit the tax deducted with the government against the PAN of the payee within the applicable due dates. Further, the payer would also need to furnish … good running treadmill for home

Section 194J - TDS on Fee for Professional or Technical …

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Section 94j tds

TDS Payment done 94C instead of 94J, Income Tax

Web21 Jan 2024 · TDS under section 194J is to be deducted when the amount of fees (or aggregate of amounts of fees) credited or paid or likely to be credited or paid during the financial year exceed Rs.30000. Point to be noted is that the limit of Rs.30000 is applicable separately for the all mentioned services. Web21 Mar 2024 · Section 194J breaks in two different rates 2% and 10% for fees for technical services and fees for professional services respectively (w.e.f. 01/04/2024) However, the …

Section 94j tds

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Web10 May 2024 · TDS Under Section 194J (a) & 194J (b) The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, … Web13 Mar 2024 · Amendments To Section 194J. Section 194J of the TDS has been amended as part of the Finance Bill 2024. These include: In the case of fees for technical services (which are not considered professional services), tax will be deducted at the rate of 2%. In all other cases, the rate will be up to 10%. An individual or HUF whose revenue, gross ...

Web4 Aug 2024 · Tds on 94J Technical Fees. We have received a notice for short deduction of 94J Technical Fees for 10% and 7.5%, whereas w.e.f. from 01-04-2024 94J Technical fees is 2% and w.e.f. 14-05-2024 is 1.5%. We have deducted Tds for 94J Technical services at 2% and 1.5% and paid the amount. Now the dept has sent the notice stating that it is for 94J ...

Web23 Jan 2024 · Updated: 23-01-2024 12:55:13 PM. As per Union Budget 2024, the TDS rate for the payment of fees for technical services under Section 194J of Income Tax Act has been reduced to 2% from 10%. The TDS rate for the payment other professional services except that for technical services remains same at 10%. This change in TDS rate will … Web26 Jun 2024 · Section 194J governs the TDS provisions related to specified services. Any person paying fees to any resident person for these specified services (professional, technical, etc.) is required to deduct TDS under Section 194J. Section 194S- TDS on Crypto Income. For tracing the transaction of virtual digital …

Web4 Apr 2024 · Section 194J TDS on Fees for Professional or Technical Services. The present article features the TDS provisions contained under section 194J of the Income Tax Act, …

Web22 Jan 2024 · TDS Under Section 194J (a) & 194J (b) The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, … good run research addressWeb15 Apr 2024 · Section 194J requires TDS to be deducted if the payment for professional or technical services covered by this section surpasses Rs.30,000 per year. Will payments … good run speed treadmillWeb27 Apr 2024 · The Indian tax regulations codified under the Income Tax Act, 1961 (“the Act”) contains comprehensive provisions dealing with TDS around applicability, rates of tax, compliances and consequences... good russian movies to watchWeb2 Oct 2024 · After the introduction of above two rates in section 194J i.e., TDS @ 10% and TDS @ 2%, it became necessary for the e-TDS return utility to segregate the transactions of tax deduction under section 194J in two parts for 10% and 2% separately. In order to identify the TDS transactions which were deducted @ 2% or 10% section 194J is classified ... ches to mmWebSection - 194J. Fees for professional or technical services. 6 Record (s) Page [1 of 1] in 0.046 seconds. TAX INFORMATION AND SERVICES. TAX LAWS & RULES. … good running shoes for women with narrow feetWebThe TDS deduction rates under Section 194J of the Income Tax Act are as below: Payment Nature. Section 194J TDS Rate. Technical services fee payment. 2%. Call centres fee payment. 2%. Royalty paid for the screening, distribution and sale of a movie. 2%. good rust aim training serversWebSection 194DA: Payment in respect of life insurance policy. w.e.f. 1/9/2024, the tax shall be deducted on the amount of income comprised in insurance pay-out. 5. Section 194EE: … c. heston