TDS on consultancy charges - Section 194J - Sorting Tax?

TDS on consultancy charges - Section 194J - Sorting Tax?

WebJun 5, 2024 · Technical Services U/s 194J of Income Tax Act, 1961. This analysis has assumed great importance due to the amendment of section 194J by the Finance Act, 2024 with effect from 1st April 2024. In nutshell, after the amendment, the TDS rate on fees for “professional services” is 10% and in respect of “fees for technical services” (not ... WebJul 23, 2024 · TDS is required to be deducted on payments made to contractors if the payment made to them exceeds Rs. 30000 (in a single tranche) or Rs. 100000 (in a financial year). The rate of TDS shall be 1% … bp oil spill ethics case study WebFeb 5, 2024 · In case of non-availability of PAN, TDS Rate shall be 5%: 194Q: Purchase of goods (applicable w.e.f 01.07.2024) 50 Lakh: 0.10% – 195: Payment of any other sum to … WebAnswer: Hello dear TDS on GST consultancy services is to be deducted @ 10% of the Taxable Value of the service… Example: You paid Rs. 10,000/- plus 18% GST to your … 28 cason road boksburg WebAug 6, 2024 · - Consultancy Services - Provision of services of technical or other personnel. 2. At what rate TDS is deducted under TDS Section 194J? TDS under section 194J is deducted at the following rates: Category . … WebMar 30, 2024 · 5%. Non-Resident Co-operative Society and Firms - if income/payment exceeds ₹1 crore. 12%. Health & Education Cess. 4% of (TDS/Tax + Surcharge) Important : Section 206AA - As per this section if the deductee does not provide valid PAN to the deductor, TDS shall be deducted at higher of the following rates: For payments under … 28 casarena ct winter haven fl 33881 Web17 hours ago · Software purchase TDS rate for FY 2024-24 is.. tds on fd, rent payment, consultancy +91-9893121713 . Toggle navigation. Home; Calendar; Latest; Calculators . …

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