Calculation of the threshold limit amount starts on the date of applicability of the new law or the start date of the financial year. The previously announced purchasing limit of Rs. 50 lakh under section 194Q will be considered from April 1, 2021, not from July 1, 2021. T o address th...
1.5 Prerequisites/Preconditions 1.6 Applicability Statement 1.7 Versioning and Capability Negotiation 1.8 Vendor-Extensible Fields 1.9 Standards Assignments 2 Messages 3 Protocol Details 4 Protocol Examples 5 Security 6 Appendix A: Product Behavior 7 Change Tracking 8 Index Download PDF Learn...
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Automatic Reflection of TDS Once the deductor files the return, the TDS shall be reflected automatically in the electronic cash ledger of deductee. The deductee can claim credit of this tax deducted and use it for payments of other taxes. ...
So, business want to use the 'TDS Section - Natural Account Mapping feature' based on which, system should default the relevant applicable TDS to the transactions. To add, as same supplier site can be a provider of multiple services which attract TDS applicability based on the natur...
.Enter the surcharge and cess details for each deductee status. You can enter the required surcharge slab details with the applicability date.Accept the screen. As always, you can press Ctrl+A to save.TDS Nature of PaymentFor payments attracting TDS, the relevant nature of payment is defined...
Army Corps of Engineers with its use on Corps and contractor hopper dredges. Subsequent technical notes will describe further TDS measurement developments that evolve from these experiences. A DOER Program work unit is currently investigating the applicability of TDS measurement for Corps dredge contract...
GST TDS Applicability in India While making GST payments under GST, regular taxpayers are not required to deduct TDS. Only the following taxpayers are allowed to comply with GST TDS provisions: As per the latest notice, dated 13th Sept 2018, the below entitles will also need to deduct TDS:...
FAQ on Impact on payments made to MSE’s & section 43B(h) applicability Following questions & Answers elated to specific tax & payment scenarios U/s 43B of the Income Tax Act, particularly related to payments made to Micro and Small Enterprises (MSEs) under the Micro, ... ...
How will it impact Tax Audit applicability? The new guideline will reduce the turnover calculation for many options traders and consequently bring down the need for getting tax audit as well. Let’s take an example. Suppose you made the following trades: ...