Payment of Commission or brokerage (Under section 194H) Rent (Under section 194I) Professional service (Under section 194J) Income from Units (Under section 194K) Payment of compensation on acquisition of certain immovable property (Under section 194LA) Non-residents Payments to Non-resident sport...
Section 194G: Payments such as commission, etc., on the sale of lottery tickets 5% Section 194H: Commission or brokerage 5% Section 194-I: Rent on a) Plant and Machinery b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 la...
under section 194C, 194H, or 194J.194M5%5%20% 30E-Commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform.194O500,000.001 Example of TDS on Salary If you work and your income is above basic exemption limit then...
Labour Addresses FG Fears on Late Termabortions ; Some TDs Demand Time Limit Following Warning by Archbishop Diarmuid MartinMinihan, Mary
194AInterest excluding interest on securities.ResidentRs 10000 if the interest is paid by the following: Banks; Co-operative Banks; or Post Office deposits. In any other case, Rs. 5000 will be the limit.10% 194BWinning from games like a crossword puzzle, card, lottery, etc.Any personThe...
30,000 are not liable to TDS, except the director’s fees, where no such limit is applicable. 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...
Yes, failure to remit tax deducted by you in the government's account within the time limit will result in interest, a penalty, and up to seven years in prison. 7. Is it necessary to deduct Tax deduction at source on payments made to the government?
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Payment of Commission or brokerage (Under section 194H) Rent (Under section 194I) Professional service (Under section 194J) Income from Units (Under section 194K) Payment of compensation on acquisition of certain immovable property (Under section 194LA) Non-residents Payments to Non-resident sport...