The Government had brought in the concept of TDS, through which persons are required to deduct TDS and deposit the same with the Government. Know more about TDS on fees for professional and technical services here
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.
Deductors include: Employers Government departments Banks and other financial institutions Companies Other persons who make specified payments The types of payments on which TDS is required to be deducted include: Salaries Interest Rent Commissions Professional fees Fees for technical services Other payments...
Payment for Commission or brokerage (Section 194H) Payment of rent (Section 194I) Payment of fees for professional or technical services (Section 194J) Commission to Stockiest, distributors, buyers and sellers of Lottery tickets including remuneration or prize on such tickets (Section 194G) Income...
16 TDS on payment of Rent by certain individual HUF 04:28 17 TDS on fees for Technical & professional services 07:23 18 TDS on payment of compensation on acquisition of certain immoveable property 03:38 TDS Return5 个讲座 •28 分钟 ...
Tax Deducted at Source or commonly referred as TDS is the amount of tax deducted from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest, etc. The TDS amount is deducted at the time of making payments. Here, the tax is ...
Commission on sale of lottery tickets. Fees for professional and technical services and the like. Compensation for compulsory acquisition. Income from units of an offshore fund. Income from foreign currency bonds or shares of Indian Companies (unless specified as tax-free). International...
For TDS deducted in March:by April 30(in many cases) orby March 31(for some government deductors). Common Payments Attracting TDS Salaries, rent, contractor/sub-contractor fees, professional fees, commission, interest (other than interest on securities), etc. ...
Enter the name of the sub-section as Fees for Professional Services. You can give your own name but ensure that the section code and payment code are selected correctly. Select Section as 194J and Payment code as 4JB. Accept the screen. As always, you can press Ctrl+A to save.Similarly...
This form is to be filled in respect to tax deductions on transactions other than payment of salary, such as on rent, professional fees, interests, dividends, payment to contractors etc. #3. Form 26QB The purpose of this form filing TDS Returns with regard to a deduction on income from ...