Hire charges tds section
WebbYes, TDS is applicable for advertisement and will be deduct under section 194C of income tax act for advertisement expenses. What is tds rate on fd? For the FY 2024-21, TDS on fixed deposits (FDs) is 7.5%. What are the TDS rates that are applicable to interest on securities? The TDS rate for interest on securities is 10%. What is a TDS Certificate? WebbThe existing provisions of Section 194I of the Income Tax Act, casts a duty on the payer of rent to deduct tax at the rate of 10% of the rent on any land or building if the aggregate …
Hire charges tds section
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Webb21 mars 2009 · 21 March 2009 The Department is likely to take a view that provisions of section 194i (rent) apply since (a) effective possession and control is held by the … Webb18 jan. 2013 · The learned DR submitted that the assessee is required to deduct TDS on machinery hire charges which the assessee failed to do and being so it is to be …
Webb22 aug. 2024 · Section 194C is applicable since the invoice value against the job work exceeds rs 30,000. TDS rate will be 2% as the contractor is a company. Mr. Ajay must … Webb26 juni 2024 · What is the limit to deduct TDS under Section 194J ? TDS is required to be deducted under Section 194J if the payment towards professional or technical services …
Webb24 apr. 2024 · 13. The AO during the assessment proceedings found that the assessee has incurred car hiring charges amounting to ₹ 1,21,775/- which was subject to the … Webb2 dec. 2008 · TDS rate. It is worthwhile to mention that the basic TDS rate for rent under Section 194-I is 10 per cent whereas for payment to a contractor under Section 194C …
Webb16 mars 2024 · Important Sections TDS Chart.xlsx Get live Maths 1-on-1 Classs - Class 6 to 12 Book 30 minute class for ₹ 499 ₹ 299 Next: How to Fill Form 26QD -Complete Details- Due Date Steps filing procedure 194M TDS → Ask a doubt Tax Practical Practical TDS (Non Salary) Facebook Whatsapp Made by CA Maninder Singh
WebbAnswer (1 of 2): Hello TDS on hire charges of taxi/car charges may be covered under two section. Its all depends upon details of the contract between taxi owner and user. 1. … brass steam whistles for saleWebb26 nov. 2011 · In this case, the appellant hired helicopter and aircraft and made payment of Rs.31,54, 139/- on which the appellant had deducted TDS as per the provisions of … brass statue for home decorWebbhandling charges on account of non-deduction of TDS, under section 194C r.w.s 40 (a)(ia) of the Act. 10. The assessee during the year has incurred terminal handling charges amounting to Rs.1,29,22,949/- without deducting the TDS. As per the assessee the amount of terminal handling charges incurred is part of ocean freight paid to the brass spittoon trophyWebb8 okt. 2024 · But if the transporter owning more than 10 goods carriages at any time during the year, then you, as payers are liable to deduct TDS at the time of paying charges to … brass stamp ram outdoor life magazineWebb26 apr. 2024 · Admittedly, in the first round of litigation, the ld.CIT (A) has recorded categorical finding that provisions of section 194C of the Act has no application to the … brass steam generator ho rs-3Webb8 maj 2024 · Budget 2024 updates –. New Section 194S- A person is liable for Tax Deduction at Source (TDS) at 1% at the time of payment of the transfer of virtual digital … brass statue of indian hindu shivaWebbPayment for hiring vehicles to a truck operator is liable for TDS since it was a payment made to a sub-contractor. Further the disallowance under Section 40(a)(ia) not only … brass spring loaded hinges