194LA Payment made for compensation for acquiring certain immovable property Rs. 2,50,000 10% 10% 194LB Payment of interest on infrastructure bonds to Non-Resident Indians NA 5% 5% 194LBA(1) Certain income distributed by a business trust among its unit holder NA 10% 10% 194LD Payment of...
Payment of Commission or brokerage (Under section 194H) 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...
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. ...
194-IATransfer of immovable propertyResident & TransferorConsideration of Rs 50lakhs.1% 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% ...
194-IATransfer of immovable propertyResident TransferorConsideration of Rs 50lakhs.1% 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% ...
2.3IncomenotliableforTDS8 2.4CompaniesunderTaxHolidays9 3.BUSINESSINCOMETAX10 3.1FullTaxLiability10 3.1.1EntitiesliableforTDSunderFullTaxLiability10 3.1.2IncomesliableforTDSunderFullTaxLiability10 3.1.3RateofTDSunderFullTaxLiability10 3.2LimitedTaxLiability11 ...
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...
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...
i. The above is applicable for regular as well as correction statements. ii. The section code is denoted as '2AA' in the .txt file. B. New Section code 194IA (Payment on transfer of certain immovable property other than agricultural la...
Why Gen TDS Software for Form 26QB? How to File Form 26QB by Gen TDS Software 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...