WebSection - 194J. Fees for professional or technical services. 6 Record (s) Page [1 of 1] in 0.046 seconds. TAX INFORMATION AND SERVICES. TAX LAWS & RULES. … Web29 Sep 2024 · Finance Act, 2024 inserted a new section 194-0 in the Income-tax Act 1961 (hereinafter referred to as “the Act-) which mandates that with effect from 1st day of …
Tax Laws & Rules > Acts > Income-tax Act, 1961
WebSection 194I – Exemption and Deduction at Lower Rate Exemptions TDS on rent is not applicable in the following cases – When the amount to be paid or has been paid is less than Rs. 180000 in a fiscal year. Then the rent is paid to a government agency. When the earnings are shared by a film exhibitor and distributor who own a cinema theatre. WebThe provisions of Section 194Q are silent on applicability of TDS on amount of GST. However, on perusal of the Circular 17/2024 dated 29.09.2024, CBDT clarifies TCS under Section 206C (1H) is applicable on amount of sales consideration and no adjustments on account of indirect taxes (including GST) is required to be done. booth concept
Guidelines under section 194-O (4) and section 206C (1-I) of
WebRecent guidelines under Section 194O(4); Section 194Q(3) and Section 206C(1H)... Web25 Nov 2024 · (4) Whether non-resident can be buyer under section 194Q of the Act; (5) Whether tax is to be deducted when the seller is a person whose income is exempt; (6) Whether tax is to be deducted on advance payment; (7) Whether provisions of section 194Q of the Act shall apply to buyer in the year of Incorporation; Web10 Jul 2024 · Penalties Under Section 194O. If the deductor (E-commerce operator) fails to file and pay the TDS, they will bear the following penalties. Interest at the rate of 1% per … booth concrete rochester ny