If your landlord is using an insurance-based scheme, once they receive your request for repayment, they will either repay the deposit or let you know what they intend to deduct for things like cleaning, damage or outstanding rent. TDS Custodial Scheme If your deposit is secured in a ...
Under the GST, TDS will be deducted at the rate of 2% on payments made to the supplier of taxable goods and services (1% CGST and 1% SGST in case of intrastate supply and 2% IGST in case of the inter-state supply). TDS will deduct on the taxable goods and services which exceed 2,5...
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Employers are responsible to deduct income tax(TDS – Tax deduction at source) from salary paid to its employees and deposit the same to income tax department. But income tax is complicated and the final tax depends on the tax saving investments a person makes or if the person lives on rent...
–TDS deductors –Persons liable to pay, specified with a notification in official gazette. Also Read: Is it compulsory to fill out the GST return To determine who is required to pay GST under the situation where a vendor provides services to a company, the following cases can be observed:...
Furthermore, in India, the tax regime is quite different. The tax deduction is quite automatic on all winnings, as the casino operators automatically deduct the standard 30% TDS on all winnings. Therefore, the player need not worry as the taxes are automatically paid, and they no longer have...