DYK: TDS for immovable property accepted onlineVivina Vishwanathan
Payment of compensation on acquisition of certain immovable property (Under section 194LA)Non-residentsPayments to Non-resident sportsmen or sports association (Under section 194E) Other sums (Under section 195) Income in respect of units of non-residents (Under section 196A) Income from foreign...
b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 lakhs p.a. from Rs 1.8 lakhs p.a. 2% 10% Section 194-IA: Payment in consideration of transfer of certain immovable property other than agricultural land. Section 194-IB: Ren...
The purpose of this form filing TDS Returns with regard to a deduction on income from the sale of immovable property in India. #4. Form 27Q The purpose of filing of this type of return is to furnish details of the transactions in respect to the foreign payments made. ...
194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% However, NO TDS is deducted when The amount is paid to Reserve Bank of India, Government or any such body. Finance Corporations of Central or State. Mutual Fund u/s 10(23D). ...
Compensation on acquiring immovable property Winning from games. It includes crossword puzzles, lottery, cards, etc. What is the TDS Certificate? The people in charge of deducting tax at source provide TDS certificates. Further, the certificates must be issued when it is deducted so that the pay...
‘TDS does not apply to the transactions involving the sale of immovable property that is of value less than Rs. 50 lakhs. For transactions beyond the aforesaid limit, the TDS has to be deducted from the entire value of the transaction. For example, if the property costs Rs. 52 lakhs the...
194LACompensation on acquiring immovable propertyResidentRs. 2,50,000 per FY10% TDS Exemptions TDS is not deducted in the following situations: If the amount payment is made to Reserved Bank of India, Government or any such body. Mutual Fund under Section 10(23D) ...
in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in India, has a basic limit of exemption. This article explains abut NRI and ITR,who is NRI,Tax and TDS on various kinds of income for NRI, example bank accounts,fixed deposits,mutual fund...
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...