including sale of property.TDS on sale of property is applicable under Section 194-IA of the income tax law. However, buyers and sellers need not worry about TDS implications at all if the property value is up to Rs 50 lakh. On property deals involving more than Rs 50 lakh, TDS on pro...
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) ...
根据第 194Q 节"它由负责向任何购买商品的驻留者支付任何金额的人为 TDS 提供。 TDS 的速率保持在非常低的 0.1%。 该税款仅要求该人员扣除 (即 -购买者) 其总销售额、总收益或他经营的业务的流动额在紧接执行商品购买前的一个财政年度内超过 10 个裁剪货币。 如果此人从卖方购买的商品价值或合计金额超过上...
Comments Be the first to leave a comment. Your are not logged in . Please login to post comments. Click here to Login / Register
Point of taxation arises under sec 194 Q? The point of taxation under this section for the buyer would be the Invoice amount credit to the account of the seller or payment made to the seller, whichever is earlier. Further TDS amount needs to be deducted on amount exceed...
s of TDS under the Income Tax Act, 1961. The deductor is referred to the person deducting the tax, and the deductee is the person from whom tax is deducted. TDS payment is made at a specified rate prescribed. No tax is deducted in case the amount doesn't exceed the specified limit....
TDS 194Q OpeningA provision has been made to upload the opening amount, if any, under TDS section 194Q. System only updates the amount in TDS Entries table for threshold calculation purposes. This amount is not posted into G/L.Choose the icon, enter TDS 194Q Opening, and then...
a corporation founded by or under a Central Act that is free from income tax on its earnings under any law in place at the time, or a Mutual Fund as defined in section 10 clause (23D). 8. What is the best way to deposit Tax deductions at source?
The Section and Payment code are displayed automatically. Enter the Rate of TDS for With PAN and Without PAN. The same appears in Rate for other deductee types. Enter the Threshold/exemption limit as applicable. Accept the screen. As always, you can press Ctrl+A to save....
194LA Compensation on acquiring immovable property Resident Rs. 2,50,000 per FY 10% TDS Exemptions TDS is not deducted in the following situations: If the amount payment is made to Reserved Bank of India, Government or any such body. Mutual Fund under Section 10(23D) Finance Corporations of...