Tds section for amc

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August undefined, 2024

WebSep 16, 2024 · During the course of assessment, the Assessing Officer noted that the assessee, Mumbai Metropolitan Regional Development Authority (MMRDA) had made … WebSection 194Q:Payment for purchase of goods of the aggregate value exceeding Rs. 50 lakhs Note: TDS is deductible on sum exceeding Rs. 50 lakhs 0.1 Section 194R:Deduction of tax …

Finance - TDS

WebDetermine the TDS liability of the firm. Solution As per section 194C tax is to be deducted as follows: @ 1% when the contract payment is being made or credit is being given to an individual or an HUF. @ 2% when the contract payment is being made or credit is being given to any person other than an individual or an HUF. WebThe tables below show the various TDS percentage that applies to resident and non-resident payments, as well as the TDS deduction rate on domestic and foreign corporations in India. Any individual receiving income is required to deduct tax at source and remit TDS by the due date. TDS Rates for FY 2024-23 (AY 2024-24) TDS Rate Chart photography trends 2023

Do we deduct TDS while making payment for AMC of UPS

WebFeb 11, 2024 · The threshold limit for deduction of TDS on payment made towards Maintenance Charges is: Payment should not exceed 30,000 in case of a single … WebMay 26, 2024 · The ACIT (TDS), however, was of the view that assessee should have deducted tax at source on the entire amount of Rs.1,75,56,680/- @10% under section 194J … WebTDS CHART FOR FY 2024-23 (AY 2024-24) aD Normal FY 2024-21 (AY [No Return filed for] 193 194A 1948 sac 1940 19404 1946 1941 19414 19418 1941c 19488 _ income by way of winnings from horse races Payment of accumulated balance of provident fund which is lraxable in the hands of an employee Section Threshold timit Case & 2024-22) & having ... photography trees

No TDS on cash withdrawal u/s 194N for making payment to farmers …

TDS U/s 194C deductible on AMC for repairs & maintenance of …

WebApr 11, 2024 · All the income earned through winnings from lottery, crossword puzzle, gambling, betting, horse racing and any similar nature were taxed under section 194B of the Income Tax Act, where the payer of such winnings would require to deduct TDS at 30% if such winnings exceed Rs. 10,000/-. Budget 2024 proposed a new provision to tax income … photography trends 2018WebFeb 11, 2024 · The threshold limit for deduction of TDS on payment made towards Maintenance Charges is: Payment should not exceed 30,000 in case of a single transaction and; Aggregate payments made during the relevant FY should not exceed Rs. 1,00,000. how much are golf gloves

"WebSAC (Services Accounting Code) code 998719 is classified under group 99871 (Maintenance and repair services of fabricated metal products, machinery and equipment) of GST services classification. Group 99871 is classified under heading 9987 (Maintenance, repair and installation (except construction) services). " - Tds section for amc

Tds section for amc

TDS to no longer carry AMC Network HelloTDS Blog

WebSep 20, 2024 · 1 comment Exemption from TDS on cash withdrawal under section 194N for making payment to farmers – Central Government specifies the commission agent or trader, operating under Agriculture Produce Market Committee (APMC) – Notification No. 70/2024-Income Tax Dated 20th September, 2024 MINISTRY OF FINANCE (Department of … WebApr 11, 2024 · 31st October 2024. The income tax return for the assessment year 2024-24 must be filed by. all assesses, except for (a) corporate assesses, (b) non-corporate assesses whose books of account require auditing, (c) partners of audited firms, or their spouses if Section 5A applies. 15th December 2024.

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WebAs of June 10, 2024, TDS will no longer carry the AMC Network on our channel lineups. These channels include AMC, BBC America, We tv (Women’s Entertainment), BBC World … WebMay 13, 2024 · The ACIT (TDS), however, was of the view that assessee should have deducted tax at source on the entire amount of Rs. 1,75,56,680 @10% under section 194J and he, therefore, vide order sheet entry dated …

WebMay 27, 2024 · The ACIT (TDS), however, was of the view that assessee should have deducted tax at source on the entire amount of Rs.1,75,56,680/- @10% under section 194J and he, therefore, vide order sheet entry dated 11/3/2016 required the assessee-company to show cause as to why it may not be treated as an assessee in default for not making TDS … WebMay 7, 2016 · In case you are taking any service which is covered under explanation II to section 9 (1) (vii), which mainly covered legal, professional & technical services, then you are liable to deduct tax under section 194J @ 10%. However, in case it is not covered then Tax will be deducted under section 194C @ 1/2% depending upon the case.

WebFinance - TDS - TDS's start experience including trending news, entertainment, sports, videos, personalized content, web searches, and much more. WebJul 1, 2015 · Following are the services of AMC where the TDS is deducted: 1) Maintenance of computer and peripherals 2) Networking, LAN connection and web designing 3) Plantation and maintenance of Transformer & Panels in the industry 4) Contracts made annually for the inside Electrical fittings.

WebMay 27, 2024 · The facts regarding the issue under consideration is that the assessee incurred expenditure of Rs.1,75,56,680/- under the head ‘Computer Repairs & Maintenance’ …

WebMar 29, 2024 · Only if the payment exceeds the prescribed limit, then TDS provisions will be applicable. For example, as per the provisions of Section 194J, no TDS required to be deducted if payment of professional fees do not exceed Rs, 30,000/-. So, here the threshold limit is Rs. 30,000 and TDS needs to be deducted only if it exceeds 30,000. how much are golden books worthWebFeb 11, 2024 · Threshold Limit for deduction of TDS on Repair and Maintenance under Section 194C of the Income Tax Act, 1961 The threshold for deduction of TDS on Repair and Maintenance is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. 1,00,000. how much are golden goose in italyWebJun 15, 2024 · Further, TDS provisions have also been introduced regarding such dividend income. The investors may claim the credit of such TDS in their ITRs. 4. Tax Benefits under Section 80C. ... UTI AMC Ltd or UTI Mutual Fund (acting through UTI Trustee Company Pvt. Ltd) accepts no liability and will not be liable for any loss or damage arising directly or ... photography trips 2023WebYes, TDS is applicable for advertisement and will be deduct under section 194C of income tax act for advertisement expenses. What is tds rate on fd? For the FY 2024-21, TDS on fixed deposits (FDs) is 7.5%. What are the TDS rates that are applicable to interest on securities? The TDS rate for interest on securities is 10%. What is a TDS Certificate? how much are golden doodles puppiesWebFeb 7, 2024 · Updated TDS Rate Chart for FY 2024-23/AY 2024-24. February 7, 2024 5 Mins Read. TDS (Tax Deducted at Source) is a type of tax introduced by the Income Tax Department of India to minimise tax evasion. It is applicable on various payments ranging from contractor payments, salary, commission and more. The TDS rates are Predecided … how much are golf cartsWebDec 15, 2024 · The assessee has deducted TDS under section 194C of the Act in regard to payments on AMC of medical equipments and machines etc. Accordingly, we find no … photography trips to cuba 2018WebSection 194C governs the TDS provision applicable to any person making payment to a resident contractor for carrying out work between a resident contractor and ‘specified person’ ( central or state government, local authority, company, etc) When is … how much are golden pokemon cards