Check the optionTDSin theTotalsection below theItem Table. ClickManage TDSfrom the dropdown. In the pop-up that appears, click+ New TDS Taxin the top right corner, and select+ New TDS Cessfrom the dropdown. Enter theTax Nameand theRatefor the TDS cess. ...
Section 194I: An Overview of TDS on Rent TDSMANJanuary 30, 2025No Commentson Section 194I: An Overview of TDS on Rent Section 194I of the Income Tax Act outlines the rules for deducting TDS on rent. This provision primarily applies to those paying rent for properties, machinery, or other...
TDS is deducted from the payments made by the individuals as per Income Tax Act. Various types & rates of TDS deduction are present. Focus on pay as you earn. TDS is a direct tax which is collected from the people at the time of payment like salary, rent, commission, etc. The TDS ...
Section 194G: Payments such as commission, etc., on the sale of lottery tickets 5% Section 194H: Commission or brokerage 5% Section 194-I: Rent on a) Plant and Machinery b) Land/building/furniture/fitting w.e.f 1st April 2019, tax deduction limit on rent is increased to Rs 2.4 la...
A tour operator company lodging their guest in other hotels , and they are paying monthly once to hotel.now hotel bill approx. 90,000/-. Any TDS will deduct on the hotel charges. ?CA R SEETHARAMAN (Expert) Follow 02 February 2021 TDS applicable under section 194I 10%. ...
Example 2: TDS on Rent Suppose TDS of ₹10,000 was deducted on 15 June, but the TDS amount was deposited on 30 October. The due date of TDS payment is 7 July. The interest will be calculated as follows: Days of delay = 115 days (from 7th July to 30th October) TDS amount = ...
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-residentsPayments to Non-resident sportsmen or sports association (Under section 194E) Other sums...
Section 194C: TDS on Payments to Contractors 10 Jan 2025 Section 194IB - TDS on payment of Rent by certain Individuals or HUF 08 Jan 2025 Section 192A- TDS on Payment of Accumulated PF Balance Due to an Employe.. OtherProducts CA-TDSMAN ...
Section 206AB of the Income Tax Act er for nylig blevet introduceret vide the Finance Act, 2021. I henhold til afsnit 206AB i Act on any sum or income or the amount paid, or credited, by a person (herein referred to as dragee) to a "specified person", der ikke...
Section 206CC: This section is applicable in the person fails to furnish the PAN. 206. sadaļa CCA:šī sadaļa ir spēkā gadījumā, ja persona nevar saglabāt divu gadu atgriešanu. Attiecīgajā sadaļā personai, kura ir atbildīga par nodokļu apkopošan...