Insurance Commission covering all payments for procuring Insurance business (Section 194D) Any interest other than interest on securities payable to non-residents not being a company or to a foreign company (Section 195) Payment to non-resident sportsman including athlete or sports association or inst...
“It is important to note that, if the rent is being paid to a non-resident landlord, then TDS would be required to be deducted, irrespective of the amount of rent,” says Amarpal Chadha, Partner and India Mobility Leader, EY India. TDS aspects...
-Aggregate sums paid in the FY exceeding Rs. 100000.- Individual/HUF = 1% of the sum paid. - Any other person = 2% of the sum paid. 194DInsurance CommissionAny ResidentRs. 15000 per Financial Year10% 194DAAmount under LICResidentAggregate payment must be less than Rs. 100000 in the FY...
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.
Insurance Commission Remuneration paid to the company’s director etc Contractor payments Deemed Dividend Interest on securities Interest apart from interest on securities Transfer of immovable property Payment of rent Compensation on acquiring immovable property ...
Interest on Securities. Insurance commission. Dividends from shares and UTI/Mutual Funds. Commission and brokerage. Prize money won from lotteries, horse races, etc. Payments to non-resident sportsmen or sports associations. Commission on sale of lottery tickets. Fees for professional and tec...
The government deductors need to specify “PANNOTREQD” on the form. Non-government deductors have to mandatorily furnish PAN. TDS Form 27Q Statement from Extra Income to NRI (Foreigners) Form 27Q is relevant for payments made except the salary to non-resident Indians and foreigners. It is ...
Tax Deducted at Source (TDS) is an income tax subjected to every person making specified type of payments. These payments range widely, including professional fee, salary, commission, interests, rents, and so on. The deductor/buyer (person making the payment) is required to deduct Income tax...
TDS is a certain percentage deducted at the time of payments of various kind such assalary, commission, rent, interest on dividends etcand deducted amount is remitted to the Government account.This withheld amount can be adjusted against tax due.The person/organization deducting the tax is called...
Individual/HUF = 1% of the sum paid. Any other person = 2% of the sum paid. 194D Insurance Commission Any Resident Rs. 15,000/- per Financial Year 10% 194DA Amount under LIC Resident Aggregate payment should be less than Rs. 1,00,000/- in the FY 1% 194H Brokerage or Commission ...