Any interest other than interest on securities payable to non-residents not being a company or to a foreign company (Section 195) Payment to non-resident sportsman including athlete or sports association or institution. In case of non-resident sportsman, payments in respect of advertisements as wel...
There are different rates of TDS on FD interest applicable based on whether you are a resident Indian or a non-resident Indians (NRIs). They are as under: For Resident Indians: 10% For Non-Resident Indians: 30% (plus applicable surcharge and cess) Moreover, if you are unable to furnish...
E. Dividend and Investment insurance payment A resident company, when distributing dividend to its beneficiaries, must deduct TDS at the rate of 5%. Similarly, an investment insurance company, when making payment to its beneficiaries, must deduct TDS at the rate of 5%. ...
Per the charging proviso to this section, the section will apply to any person who is a buyer, and who is responsible for making payments to a resident for the purchase of goods when the value or aggregate of either a purchase from a supplier or a payment (whichever occurs earlier) is ...
194J Royalty, Director Remuneration, Professional or technical service fees, Non-compete fees Resident Rs. 30000 for each income in the FY (Not applicable to payment to the director). 10% 194LA Compensation on acquiring immovable property Resident Rs. 2,50,000 per FY 10% TDS Exemptions TDS ...
A person making payment to a Non Resident has to submit Form 15CA/Form 15CB. This form is submitted online. Income from other sources Interest income from fixed deposits and savings accounts held in Indian bank accounts is taxable in India. ...
194JRoyalty, Director Remuneration, Professional or technical service fees, Non-compete feesResidentRs. 30000 for each income in the FY (Not applicable to payment to the director).10% 194LACompensation on acquiring immovable propertyResidentRs. 250000 per FY10% ...
Remuneration paid to the company’s director etc Contractor payments Deemed Dividend Interest on securities Interest apart from interest on securities Transfer of immovable property Payment of rent Compensation on acquiring immovable property Winning from games. It includes crossword puzzles, lottery, cards...
TDS Rates Applicable for Resident of India (Not a Company) for FY 2024-25 Particulars TDS Section 192: Salary payment Section 192A: Premature withdrawal from EPF Normal Slab Rate 10% Section 193: Interest on securities. a) any Central or State security b) any debentures or securities for...
TDS payment to resident contractors Consequences of not deducting TDS and Non payment or Late payment Due Date are closer than they appers New change on TDS in withholding Tax All thing know about GST TDS Compliances of Tax Deducted at Source Basic Understanding of TDS Extension of TDS/TCS qu...