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
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...
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.
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...
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. ...
Fees for technical services including consulting fees Professional fees Director’s fees other than salary payments Non-compete fees Professional payments less than Rs. 30,000 are not liable to TDS, except the director’s fees, where no such limit is applicable. ...
The section 194J corresponding to Fees for Professional and Technical Services has been divided into 2 sub-sections, Fees for Technical Services (other than Professional Services) or Royalty and Fees for Professional Services, with payment codes 4JA and 4JB respectively. This change has been ...
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)....
21 Payment made on account of transfer of immovable property other than agriculture land. 194IA 50,00,000.00 1% 1% 20% 22 Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings 194IB 50,000.00 Per Month 5% 5% 20% 23 Payment of Professional Fees othe...
remark value as 'C' PAN of the deductee is not available (i.e. 'PANNOTAVBL', 'PANAPPLIED' or 'PANINVALID'). Value under field no. 36 (i.e. Nature of remittances) is Interest payment, Royalty, Fees for technical services/ fees for included services, short term capital gains or Lon...