Banks deduct tax on fixed deposits if the interest earned on the same exceeds INR 40,000 in a year. The TDS rate will apply once the earnings go past the threshold limit of INR 40,000. The TDS threshold for savings accounts is INR 10,000 under Section 80TTA. However, if the interest...
Additionally, hiring a professional can save you time and effort, allowing you to focus on other tasks while ensuring that your water tank remains in good condition. How can I learn more about the environmental benefits of regular water tank maintenance and cleaning? To learn more about the env...
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 ...
RCM For Loading & Frieght Charges - GST Rate Steps needed as per GST department Purchase Returns - GST Reversal in Debit Note required or not GST liability in case payment to Unregistered Service Provider exceeds Rs. 20 Lakhs, Mandatory to get pt registration before gst registration?Popular...
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...
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An individual should deduct TDS at the rate prescribed, when the following payments are made to a resident, in a fiscal year (higher than Rs.30,000): Amount charged as professional services fee Amount charged as technical service fee
Nature of Payment: Professional Fees Specified Rate: 10% If Mr. A (Deductor) has to make the payment of Rs. 50,000 to Mr. B (Deductee) for professional service. Then, Mr. A would apply 10% TDS on the specified salary (in this case Rs. 50,000). 10% TDS on Rs. 50,000 =...
As per Section 194-IA, the buyer ought to deduct the Tax Deducted at Source at the rate of 1% of the entire value of sales that is determined at the time of settlement of the transaction Tax Deducted at Source u/s 194-IA does not apply to the transactions that involve the buying and...
Advantage 6: Repeat purchasing rate Over 80% Advantage 7: Payment: We Accept TT/Western Union Advantage 8: Shipping: We Cooperate With DHL/FEDEX/UPS/EMS/China Post/Epacket... FAQ: 1.Why choose us? We focus on copier and printer parts for more than 10 ...