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Professional fee tds section

Webbför 15 timmar sedan · Dist. Intermediate Educational Office Vs Income Tax Officer (TDS) (ITAT Hyderabad) ITAT Hyderabad held that payment to contract teachers doesn’t … Webbmanagement services and other ancillary services pursuant to section 111B(m) 3 14 Payment made by insurance companies to motor surveyors and mechanics pursuant to …

TDS u/s 194J not deductible on payment to contract teachers

Webb3 apr. 2024 · Under Section 234E, the person who is required to deduct/collect TDS/TCS will have to pay a fine of Rs 200 (two hundred) per day until the TDS return is filed. The deductor of TDS shall be liable to pay this for every day of delay until the fine amount is equal to the amount you are supposed to pay as TDS. Webb11 aug. 2024 · Section 194J contains provisions related to deduction of TDS on professional Fee and Technical fees which requires deduction of TDS @ 10%. However, … mancha in italian https://nextdoorteam.com

Section 194J: TDS on Professional or Technical Fee

Webb22 jan. 2024 · The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective … WebbPayment on account of purchase through local L/C. (Section 52U) Respective Bank or Financial Institutions. 3% on the amount paid or credited not being in the nature of Disributor Financing. 1% on the amount paid or credited in case of Distributor Financing Agreement. Tax shall be deducted at the rate of. two percent (2%) in. WebbTDS rate specified on professional fee is 10%. TDS required to be deducted = 10% on Rs 1,00,000 = Rs 10,000. Net payment to Mr. XYZ = Gross Amount – TDS Deducted = Rs … mancha magica

2% TDS u/s 194C deductible on Advertisement Charges: ITAT

Category:Section 194J TDS on Professional or Technical Fees

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Professional fee tds section

TDS Under Section 194J(a) & 194J(b) – TDSMAN Blog

Webb4 feb. 2014 · The Board had issued a Circular No.4/2008 dated 28-04-2008 wherein it was clarified that tax is to be deducted at source under Section 194-1 of the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), on the amount of rent paid/payable without including the service tax component. The type of payments to residents covered under this section are as follows: 1. Professional fees 2. Fees for technical services 3. … Visa mer Every person making a payment in the nature of fees for professional or technical services is liable to deduct tax at source. However, below persons are not liable to deduct TDS on such … Visa mer The tax should be deducted at the time of- 1. Passing such entry in the accounts or 2. Making the actual payment of the expense, whichever … Visa mer

Professional fee tds section

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Webb26 okt. 2024 · Tds depends upon nature of advertising contract done. If it is a contract done like for yearly , quaterly , for 2 advertisements, 3 advertisements etc than tds will be deducted under section 194c. ... Under 194j if payment made in a financial year to same person is less than 30000 rs than no need to deduct tds. gamenses (sales) (22 Points) Webb8 mars 2024 · TDS is applicable only if the fee paid exceeds Rs 30,000 in a financial year. In the case of lower amounts, TDS is not applicable. For example, say you pay a fee of Rs 25,000 to an advocate for professional services availed. Since the amount paid does not exceed the threshold limit of Rs 30,000, no TDS is deductible.

Webb25 juni 2024 · Changes made to Section 194J under Income Tax Act: As part of the Finance Bill 2024, Section 194J of the TDS was changed. These are some of them: Fees … Webb6 aug. 2024 · By Section 194J, TDS shall be withheld at a rate of 2% for fees for technical services (which are not professional services) and up to 10% of such costs in all other …

Webb20 apr. 2024 · Section 194J(1)(ba) states that any remuneration, fees, or commission paid to a director of a company, other than those on which tax is deductible under Section … Webb6 maj 2024 · tds on fees for professional or technical services section 194j – किसी भी तरह की प्रोफेशनल या टेक्निकल सर्विसेज के लिए अगर किसी तरह की फीस का कोई भुगतान किया …

Webb5 juni 2024 · Technical Services U/s 194J of Income Tax Act, 1961. This analysis has assumed great importance due to the amendment of section 194J by the Finance Act, …

Webb22 jan. 2024 · The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J (a) and 194J (b), effective from August 7 2024. u/s 194J (a) of the Income Tax Act, is related to TDS deduction on fees for Technical Services, and u/s 194J (b) of the Income Tax Act is related to TDS deduction … mancha de tinta para imprimirWebb8 okt. 2024 · Rate of TDS on professional fees according to section 194J: – • According to section 194J, any person, on availing services from professional or technical experts or on paying royalty or Non-compete fee, must deduct TDS at the rate of 10% from the payable fee, at the time of making payment to them. crisglisWebb8 mars 2024 · Section 194J states that if a payment is made to a professional and the payment is a fee for the services that they have rendered, the payee should deduct a TDS … manchanda medicalcrisgomezromerWebb15 apr. 2024 · Under Section 194J, Rs.30,000 is the maximum limit which is applicable to each item or payment independently. TDS under this section is also applicable on … mancha negra en citricosWebb17 feb. 2024 · TDS on professional fees or technical services is to be deducted by the person making payment for such services. The same has been provided under Section … mancha negra vectorWebbDifference between Sec.194JA and Sec.194JBHope you like the videoDo share your comments in the comment section.BECOME A TDS EXPERTJoin Tds Mastery Course wit... mancha negra en el glande