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 from Units purchased in foreign currency or long-...
Section 194IB - TDS on payment of Rent by certain Individuals or HUF 08 Jan 2025 Section 192A- TDS on Payment of Accumulated PF Balance Due to an Employe.. 06 Jan 2025 TDS / TCS Compliance Reminder for January 2025 27 Dec 2024
To calculate TDS interest, you can follow these steps: Step 1:Determine the due date of TDS payment - This is the date by which the TDS amount should have been deposited with the government. Step 2:Determine the actual date of TDS payment - This is the date on which the TDS amount wa...
in case of multiple tenants the threshold limit of Rs 50,000 will apply on each tenant individually. “If both the tenants are paying rent for their respective share (of the flat), the tax shall not be deducted if their respective share of (total...
Payment of rent 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...
TDS is deducted from the payments made by the individuals as per Income Tax Act. Various types & rates of TDS deduction are present. Focus on pay as you earn. TDS is a direct tax which is collected from the people at the time of payment like salary, rent, commission, etc. The TDS ...
A resident person, when making payments for interests, natural sources, rent, royalties or service fees, must deduct TDS at the rate of 15% of the payment. However, if interest is paid to an individual for a deposit, debenture or
When you apply TDS to a transaction, the respective TDS amount will be deducted or withheld at the time of sale. You can record this withheld amount when you record the payment for the transaction in Zoho Books. Learn more aboutwithholding TDS while recording payments. ...
On the Payment fee tab, in the Fee ID field, select a fee ID that has a fee type of Interest or Others to charge the payment fee for delayed payments that are made to the TDS authority vendor. On the Tax information tab, in the Company informatio...
Late-payment of TDS: The deducted TDS by the payer should be credited to the government on every 7th day of the succeeding month in which the tax has been deducted. If the deductor fails to do so, an interest at the rate of 1.5% per month of the TDS amount subject to maximum amount...