on by them exceed ten crore rupees during the financial year immediately preceding the financial year in which the purchase of goods is carried out. Tax is required to be deducted by such person if the purchase of goods by them from the seller is of the value or aggregate of such value ...
Section 194Q of the Income Tax Act is recently introduced vide the Finance Act, 2021. Under section 194Q “It is provided for TDS by the person responsible for paying any sum to any resident for purchase of goods. The rate of TDS is kept very low at 0.1%. The tax...
高精度: 这款TDS水质测试笔提供2% 的精度,确保为需要可靠测量的用户提供精确的结果。 紧凑的设计: 重量为64g,尺寸为154x30 x 14mm,这款笔专为便携性和易用性而设计,非常适合现场水质测试。 多色选项: 该产品有六种鲜艳的颜色可供选择,包括红色,橙色,黄色,蓝...
Amazon India has credited the account of XYZ Pvt Ltd on 31st January, 2021 for the sale of products X made during the month of January 2021 by sum of Rs. 200000 and made payment for sum of Rs. 200000 on 07th Feb 2021. Further Mr. Ram, who purchase product from Amazon India has ...
5% Off on Professional Courses And Much More! Subscribe Now FAQ 4. At what rate tax is to be deducted? The tax shall be deducted by the buyer of goods at the rate of 0.1% of the purchase value exceeding Rs. 50 lakhs if the seller has furnished his PAN or Aadhaar, otherwise, the ...
194O Amount paid for the sale of products/services by e-commerce service providers via their digital platform Rs. 5,00,000 1% 1% 194Q Payments made for the purchase of goods Rs. 50,00,000 0.10% 0.10% 194S TDS on the payment of any crypto or other virtual asset NA 1% 1% 206AA TDS...
of taxable goods and/or services, notified by the Central or a State Government on the recommendations of the Council, where the total value of such supply, under a contract, exceeds rupees ten lakh. Explanation. – For the purpose of deduction of tax specified above, the value of supply ...
TDS on e-commerce participants 5 Lakh 1% 1% 194Q Purchase of Goods 50 Lakh 0.10% 0.10% Note: Budget 2021 has introduced new provision that if the Tax return is not filed by the deductee, then TDS to be deducted at twice the applicable rate. This will be effective 1st July 2021 ...
To put it very simply, inflation means a rise in the price of goods and services and consequently, it also means a fall in the purchasing power of money. While inflation is generally looked down upon, some economists opine that a low level of inflation at around 2% can be beneficial as ...
those displayed in this section (if any). To confirm warranty terms on an item offered for sale by a third party Marketplace seller, please use the 'Contact seller' feature on the third party Marketplace seller's information page and request ...