Supply of ready study data is not a technical service. Payment of fees for use of a Standard facility provided is not a technical fee. Disclaimer:The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of ...
Deductors include: Employers Government departments Banks and other financial institutions Companies Other persons who make specified payments The types of payments on which TDS is required to be deducted include: Salaries Interest Rent Commissions Professional fees Fees for technical services Other payments...
Payment on account of repurchase of Units by Mutual Fund or UTI (Section 194F) Payment for Commission or brokerage (Section 194H) Payment of rent (Section 194I) Payment of fees for professional or technical services (Section 194J) Commission to Stockiest, distributors, buyers and sellers of ...
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% ...
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 ...
Assessing Officer may impose penalty up to the amount of TDS if not deducted or remitted, in addition to interest and late fees. TDS Return Forms TDS forms depend on the income of the deductee or the type of deductee paying taxes. The TDS forms are mentioned below: ...
The section 194J corresponding to Fees for Professional and Technical Services has been divided into 2 sub-sections, Fees for Technical Services (other than Professional Services) or Royalty and Fees for Professional Services, with payment codes 4JA and 4JB respectively. This change has been ...
If Tax is not deducted at Source i.e TDS has not been cut at times it does not mean that one is not required to pay tax. For example in case of interest on recurring deposit or saving account with banks and society, TDS is not cut but one is required to pay interest on it. ...
Commission on sale of lottery tickets. Fees for professional and technical services and the like. Compensation for compulsory acquisition. Income from units of an offshore fund. Income from foreign currency bonds or shares of Indian Companies (unless specified as tax-free)....
33 Tenant Fees Act 2019 This Act only applies to England and caps deposits at no more than 5 weeks rent where the annual rent is less than £50,000 pa or 6 weeks rent where the annual rent is £50,000 or more. The provision came into effect on the 1 June 2019. Deposits above...