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.
The following key features are available for GST TDS on payments:The total value of taxable supply under a contract, excluding GST, exceeds INR 2,50,000. The liability to deduct TDS arises when the payment is made to the supplier or credited to the account of the supplier. The provis...
“If multiple tenants make separate payments to the landlord and each payment is less than Rs 50,000 per month and the rental agreement mentions the amount of rent payable by each, a view could be taken that the TDS threshold is to be applied to ...
I've been a customer for 28 years, and when I terminated service, they did not pro-rate for the few days in the cycle, but charged the entire amount for the whole month. They required sending in the modem, but I had to wait for them to send me a box -- BUT I'm moving, so ...
TDS under GST law, is to be deducted at the rate of 1% on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds INR 2,50,000. However, it is to be noted that no tax deduction is required where th...
The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments...
TDS is applicable to certain payments— brokerage, salary, interest, professional fees, contract payments, royalty, etc. TDS certifications include Form 16, Form 16A, Form 16 B, and Form 16C. Individuals can apply for a TDS refund on the Income Tax Department website. ...
Tax is required be deducted on the credit of actual payments or advance payments made to the seller, whichever is earlier. The rate of TDS differs under different conditions: TDS rate is 0.1% If the seller provides PAN number. TDS rate is 5% If the seller doesn’t provide PAN number, as...
payment to the supplier and remit it to the tax department. GST TDS is applicable only when the total value of such supply, under an individual contract, exceeds ₹2.5 lakh. The GST TDS rate is 2% (1% CGST + 1% SGST for intra-state transactions and 2% IGST for inter-state ...
the contract value, the deduction rate, the amount deducted, amount paid to the Government and such particulars as may be prescribed on this behalf The TDS certificate needs to be issued within 5 days from the date of remittance of TDS to the Government. Failure to issue the certificate, a...