3. TDS on rent payments under section 194I Small businesses and startups rent certain assets for their day-to-day operations. Section 194I is applicable on any amount paid for lease, sublease, tenancy, or agreement for using the following assets : Building (inclusive of factory buildings) La...
TDS Rate Chart for FY 2024-25 - TDS is applicable on various payments like contractor payments, salary, commission etc. Check out TDS rate chart for FY 2024-25 & AY 2025-26.
Fee on late TDS filing = 43 × 200 = Rs 8,600 Note that if the computed late filing fee exceeds the TDS amount, the applicable fee will be the amount of TDS (in the present case, Rs. 10,000). Disclaimer You should consider the TDS interest calculator as a model for financial appro...
The TDS on fixed deposit is applicable only if the interest earned on an FD in a financial year exceeds INR 40,000. This threshold amount is INR 50,000 in the case of for senior citizens. How is TDS Calculated on Fixed Deposit (FD) Interest? TDS (Tax Deducted at Source) is calculated...
For example, a seller that is named Fabrikam sold goods to a buyer that is named Contoso and collected TCS under section 206(c)(1H). However, after section 194Q becomes applicable on July 1, 2021), Contoso will be covered by it. Because section 194Q is an overriding section, Contoso ...
This includes the amount of TDS that needs to be paid by the employee, the TDS rate applicable, and the due date for payment of TDS. Once you view the TDS liability details, you can view the TDS breakdown for all employees for whom you’ve approved the pay run and record the challan...
194JRoyalty, Director Remuneration, Professional or technical service fees, Non-compete feesResidentRs. 30000 for each income in the FY (Not applicable to payment to the director).10% 194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% ...
Hence, Tax has to be deducted at source even on provisions made in the books of accounts to which TDS provisions are applicable. A provisional entry should be posted before posting an actual entry, on posting of actual entry, provisional entry will be reversed. As per requirement, ...
GST TDS on customer payment GST TDS is applicable for Registered Customers. User can calculate GST TDS on cash or bank payment from customer, user needs to enter GST TDS/TCS Base Amount manually for calculating GST TDS. A provision for updating GST TDS certificate details is ava...
ClickSave and SendorSave as Draft. The TDS tax has been applied at the line item level. You can also applyTDS cessandTDS surchargeto the TDS amount deducted from the transaction. Apply TDS to Vendor Advance Zoho Books allows you to apply TDS to the advance you pay your vendor, so you...