Rent (Under section 194I) Professional service (Under section 194J) Income from Units (Under section 194K) 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...
Section 194-IA: Payment in consideration of transfer of certain immovable property other than agricultural land. Section 194-IB: Rent payment by an individual or HUF not covered u/s. 194I Section 194-IC: Payment under Joint Development Agreements (JDA) to Individual/HUF 1% 5% 10% Section...
Transfer of immovable property 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...
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). ...
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. 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) ...
TDS is a certain percentage deducted at the time of payments of various kind such assalary, commission, rent, interest on dividends etcand deducted amount is remitted to the Government account.This withheld amount can be adjusted against tax due.The person/organization deducting the tax is called...
The NRI is also allowed deduction for principal repayment under section 80C. Stamp duty and registration charges paid on purchase of a property can also be claimed under section 80C. A tenant who pays rent to an NRI owner must remember to deduct TDS at 30%. The income can be received to...
Rent (Under section 194I) Professional service (Under section 194J) Income from Units (Under section 194K) 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...
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...