12 Payment of Insurance Commission to agents by Insurance Company. 194D 15,000.00 5% 10% 20% 13 Payment in respect of maturity of Life Insurance Policy by Life Insurance Company. 194DA 1,00,000.00 1% 1% 20% 14 Payment to NRI sportsman or association by any person or organization 194E –...
TCS is the tax collected by the seller. When a purchaser purchases some products or commodities, the seller takes the tax from the buyer via the TCS route This TCS is received when the purchaser makes payment either in cash, cheque, credit, demand draft or through any other payment mode. ...
Buyers of property in India have to deduct TDS while paying the seller if the value of the transaction is Rs 50 lakhs or more. Tax deducted at source (TDS) is applicable on a variety of transactions in India, including sale of property.TDS on sale of property is applicable under Section ...
For other types of income such as rent, interest on securities, insurance commission, dividend, etc. the TDS rates are fixed and vary between 10% and 20%.Some of them are shown in table below: Section Nature of Payment TDS Rate of Individual/HUF in percent TDS Rate for NRI 192 ...
Inderjeet Sunda (Tax Consultant) 21 February 2019 If Seller is NRI and You want to get TDS Certificate than You should have to file TDS Return ( FORM 27Q). Leave a reply Your are not logged in . Please login to post replies Click here to Login / Register ...