DYK: TDS for immovable property accepted onlineVivina Vishwanathan
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.
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) ...
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). ...
c. Income received, by legal entities resident abroad, from immovable property in Bhutan, as an owner, co owner, and user of that property; d. Income received, by legal entities resident abroad, from contract works as defined under full tax liability; ...
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...
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...
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...
In the Income Tax Act, 1961 few key rules have been framed that are related to the purchase and sale of immovable property. In the aforesaid transactions that come within the domain of Section 194-IA, the buyer (who is also called the deductor) has to deduct the TDS if the value of ...
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...