2024 Other support services tds rate

Other support services tds rate

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WebDescription of Services. Rate (%) CESS (%) Effective Date. Rate Revision. 9985. Support Services. 5/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports … WebApr 4, 2024 · The present article features the TDS provisions contained under section 194J of the Income Tax Act, 1961 relating to the TDS deduction on fees for professional or …

Tds on service contract - medical services - 194c or 194j?

WebJun 11, 2024 · Rate of deduction of TDS on AMC Charges under Section 194C of the Income Tax Act, 1961 The rate of TDS to be deducted is as under: – TDS shall be deducted at the following rates under Section 194C of the Act depending on whether the payment is made to an Individual/ HUF or other than Individual/ HUF: WebJul 6, 2024 · 194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—. (a) fees for professional … bosch universal plus bowl scraper

FINANCIAL SERVICES - GST RATES & SAC CODE 9971 - ClearTax

WebCheck TDS Rates Chart for FY 2024-21 & AY 2024-22. Find out TDS Rates on FD, Immovable Property, EPF, services, contracts & for salaried individuals, self-employed & senior citizens. WebWhen is TDS applicable to contractors? If the payment made to the contractor is not more than Rs.30,000, n o TDS is required to be deducted on payment to the contractor. However, if the total of all such payments made or to be made during a financial year exceeds Rs.1,00,000; TDS shall be deducted under Section 194C. WebFeb 11, 2024 · The threshold for deduction of TDS on Repair and Maintenance is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. 1,00,000. If it exceeds the … hawaii ballistic missile

Section 194J Under TDS for Technical/Professional …

Section 194J: TDS on technical service fees reduced to 2% - TaxGuru

WebCheck TDS Rates for various kinds of payments, ... Transfer of certain immovable property other than agricultural land. 194IA. Rs.50 lakh. 1. 1. Rent by ... Payment under specified … WebApr 21, 2016 · As you rightly said, Healthcare services provided by a professional medical practitioner is a professional service. That is why we are deducting TDS @ 10% from the salaries of our doctors, under 194J. In my view, more in-depth analysis is needed in this case. Karthik.V.Kulkarni (Chartered Accountant) (594 Points) hawaii bank act of 1931WebFeb 11, 2024 · Rate of deduction of TDS on payment made towards Consultancy Charges under Section 194J of the Income Tax Act, 1961. TDS shall be deducted at the rate of10%. In case of business operations of a call centre at the rate of 2%. TDS on Royalty paid for distribution, screening or sale of a film shall be deducted at the rate of 2%. bosch universal plus 800w

"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 ... " - Other support services tds rate

Other support services tds rate

tds business support services - taxmanagementindia.com

WebOct 22, 2010 · TDS on Business Auxiliary services. 22 October 2010 Vide amended definition of work the manufacturing and supplying products according to the requirement or … WebTDS is to be deducted at the rate of 2 % on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds Rs.2,50,000. No deduction of Tax is …

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WebJun 5, 2024 · tds business support services. H: Revocation of Customs Broker License - case of facilitating the fraudu... H: Classification of imported goods - Rate of basis customs duty - Electr... H: Classification of import goods - Luprosil Salt Calcium - premix for an... H: Classification of import goods - omega-6 fatty acid product, namely Lu... WebFeb 3, 2024 · TDS Rates under section 194C. Nature of payment. TDS Rate. Payment to resident Individual or HUF. 1%. Payment to any resident other than Individual or HUF. 2%. In a case where no PAN is provided by the contractor, …

WebJul 6, 2024 · 194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—. (a) fees for professional services, or. (b) fees for technical services, or. (ba) any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section ... WebOct 27, 2024 · Since the assessee did not deduct TDS as per provisions of the section 195 of the Act; therefore total deduction of expenditure of Rs.53,76,510/- on Admin and Network …

WebMay 26, 2024 · Now let’s take a look at amendments due to Finance Bill 2024. TDS will be deducted under Section 194J at rate 2% in case of fees for technical services (not being … WebOct 25, 2010 · The Bill TEXT contains the following. Being the invocie issued in relation to support services of business by XXXX (Provider Company) provided to XXXXXXXXXXX …

WebFeb 11, 2024 · The threshold for deduction of TDS on Repair and Maintenance is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. …

WebCGST - 2.5%. SGST - 2.5%. IGST - 5%. 9985. (ii) Services by way of house-keeping, such as plumbing, carpentering, etc. where the person supplying such service through electronic commerce operator is not liable for registration under sub-section (1) of section 22 of the Central Goods and Services Tax Act, 2024. Condition: bosch universal plus mixer 800wWeb9983. Other Professional, Technical And Business Services. 5/12/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2024. 1/10/2024 1/07/2024. 12% 5% 18%. 998311. hawaii ballistic missile threatWebJul 23, 2024 · TDS ON OTHER SUPPORT SERVICE SAC CODE 998599. atanu smifs (3 Points) 24 July 2024. Any one expert can say what is TDS applicability on Other Support … hawaii ballot trackerWebApr 1, 2011 · Further procurement of water is contractual in nature may be for year or month. Hence TDS should be deducted u/s 194C. 2 Dated: 5-1-2011. By:- rishi mohan. Tds is applicable on water supply. It shall be levied under section 194C (Payments to contractors and sub-contractors) of the Income Tax Act,1961. 1. bosch universal plus blender instructionsWebJan 30, 2024 · Other indirect taxes such as service tax, TDS are also collected prior release of a payment. The TDS rates and collection is regulated by CBTD (Central Board for Direct Taxes). TDS is a spot tax, deducted from the actual source of income. The same is described in the indirect tax section of Income tax Act 1961. bosch universal plus electric mixerWebApr 23, 2024 · The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that routine business support services are not taxable as fees for technical services (FTS) since they do not make any technology or skill available to the recipient of the services.. The appellant/assesseeMagotteaux International SA, a tax resident of Belgium, is engaged in … bosch universal mixer with accessoriesWebDec 13, 2024 · This implies that the rate of TDS is 10% in case of fees paid for professional services while it is 2% in case of fees for technical services. As the rate of TDS is … bosch universal plus mixer canada