Turnover of Contoso (in cr.)61212 Sale of goods (in cr.)222 Sales consideration paid during the year (in cr.)111 Party that is liable to deduct or collect taxSellerBuyerBuyer Rate of tax0.10%0.10%0.10% Amount that tax must be deducted or collected on (in cr.)0.50.50.5 ...
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.
Prescribed persons(Employers, Seller of Property, one who hires contractor), are required to deduct tax (TDS) on specified transactions as per TDS Rate Chart and pay it to the government within the stipulated time. TDS Chart applicable for Financial Year 2020-21(Assessment Year 2021-22)is ...
The Top 10 Property Management Tools for 2025 Here’s the expanded rundown of the best property management tools that will revolutionize your workflow: Buildium Buildium is a powerhouse for property managers, offering a full suite of tools for tenant screening, rent collection, lease tracking, an...
TDS is applied on services that the government specifies, and the tax is deducted by using the rates that the government specifies for a period. The rate of deduction is based on the status of the entity that receives the payment or provides the service. Statuses include Individual, Hindu ...
As previously announced, TDS will hold a teleconference on August 2, 2024, at 9:00 a.m. CDT. Listen to the call live via the Events & Presentations page of investors.tdsinc.com. Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,238 million for the ...
information technology, sportsperson, umpires and referees, coaches and trainers, team physicians and physiotherapists, event manager, commentators, anchors, and sports columnists are all clearly covered in the “Fees For Professional Services” and tax deduction at the rate of 10 percent is clearly...
Key Attributes of Form 26QB Under TDS Section 194-IA 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 th...
Automatic Reflection of TDS Once the deductor files the return, the TDS shall be reflected automatically in the electronic cash ledger of deductee. The deductee can claim credit of this tax deducted and use it for payments of other taxes. ...
The rate of TDS depends on the type of payment and the category of the payee. The applicable TDS rate can be found in the TDS rate chart published by the Income Tax Department. Q5.)What is the TDS threshold limit? The TDS threshold limit is the minimum payment amount above which TDS ...