Tds section 194ja & 194jb
Web12 nov 2024 · 12 November 2024 194J (a) means Fees for Technical Services (not being professional services), royalty for sale, distribution or exhibition of cinematographic films … Web18 nov 2024 · a) User can create Deduction Entry under section 194J by using e-TDS software. b) Software will auto calculate the amount of TDS on the amount of payment as provided by user. c) User can file TDS return 26Q using e-TDS software. d) After entering all the relevant information, user can generate the TDS return. Dive Deeper:
Tds section 194ja & 194jb
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Web2 ott 2024 · Section 194J of the Act originally provided for deduction of income tax from the payments made towards fees for professional or technical services at the rate of 10%. A … WebMy TDS deducted by that Chegg comes under Non-Salary TDS. The type of that deduction is Business or Profession (194JB and 194J). So cleartax is asking me to put this income under Business and profession instead of "other". Any suggestions of implications of it? 1 More posts you may like r/FL_Studio Join • 1 yr. ago
Web8 lug 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 … Web29 gen 2024 · Section 194JA and Section 194JB are not the engrossed sections or provisions in the Income Tax Act, 1961 (“Act”) but are segregated section codes for the …
Web10 mag 2024 · Tax Deduction Rate – Tax deduction rate for u/s 194J (a) is 2% and for 194J (b) is 10% – In case of payee fails to furnish PAN, he will be liable to pay TDS at the rate of 20% Threshold Exemption Limit In case of payment does not exceed the directed Threshold exemption limits, TDS will not be deductible. Web16 apr 2024 · Effective from 1-7-2024, the tax will be deducted (TDS) at a higher rate for non-filers of return of income whose aggregate amount of tax deducted or collected exceeds Rs. 50,000 referred to as a ‘specified person’ in the law. This is provided in section 206AB of the Income Tax Act, 1961 (“Act”).
Web13 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 commission or remuneration or fees given to a company's director, even though the amount is not a part of the main salary. In these cases, the Rs.30,000 limit is not applicable.
Web23 nov 2024 · TDS provisions u/s 194J would not get attracted, since the limit of Rs. 30,000 is applicable for professional services and technical services separately under clause (a) and (b) of section 194J. In this case, both payments made to Y Limited are below threshold limit of Rs. 30,000. I have purchased a software for use in my business from abroad. checkr pre adverse actionWebTDS threshold will apply to each joint owner of the property separately while deducting tax on the payment of rent 2024 Recently, the Indore Bench of Income-tax Appellate Tribunal (the Tribunal) in the case of M.P. Warehousing & Logistics Corporation1 (the taxpayer) dealt with the issue of applicability of deduction of tax under Section check rpm of hard diskWebThe Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. flat plastic cheese graterWeb17 mar 2024 · This is the facility provided by the Income Tax department for online filing of applications seeking a determination of tax to be deducted at source on payment to non-residents. Finance (No. 2) Act, 2024 has amended the provisions of section 195 (2) to provide for filing of online applications for a lower or nil TDS certificate under section 195. flat plasma ballWeb28 mar 2024 · Currently TDS is deducted under Section 194J At 10% on following payments Professional Technical Royalty Non Compete Fees As per Recent budget … flat plastic box with lidWebAll about Section 194J of the Income Tax Act TDS on Professional Fees, Technical Services, Royalty - YouTube 0:00 / 2:33 All about Section 194J of the Income Tax Act TDS on... flat plastic colorful trays from targetWeb1 dic 2024 · TDS on rent under Section 194IB of the Income Tax Act has to be deducted on the earlier of the following – When rent is credited for the last month of the previous year or last month of tenancy in case the property is not being occupied anymore. When rent is paid by cheque, draft, cash, or other modes. 3. flat plastic dish drying rack