Tds u/s 194j applicability

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August undefined, 2024

WebThough the assessee has deducted TDS u/s 194C in respect of software expenses in view of the nature of expense, the assessee ought to have deducted TDS u/s 194J. Therefore, a show cause notice was issued and asked the assessee as to why the assessee shall not be treated as an assessee in default u/s 201(1) / 201(1 A) of the Act . WebMay 20, 2024 · It held that Section 194J applies to the payments made by the petitioners to hospitals that are providing “ professional/Medical facilities. Moreover, in light of various Central Board of Direct Taxes circulars and jurisdictional verdicts, TDA will be valid on all payments made to the Hospital for Medical amenities.

If TDS is deducted in 194J, then is it compulsory to file a ... - Quora

WebApr 13, 2024 · TDS on e-commerce participants: 5 Lakh: 1%(01.10.2024) 1% (01.10.2024) 194P: TDS in case of Specified Senior Citizen: Not Applicable: Rates in Force 194Q: TDS on Purchase of Goods exceeding Rs. 50 Lakhs (Applicable From 01-July- 2024) In Excess of Rs. 50. Lakhs 0.1 0.1 194R: Benefits or perquisites of business or profession 20000 10 10 … WebFind many great new & used options and get the best deals for 60005800 SEALING SET CYLINDER RUNNING SOCKET ADJUSTA FOR VAUXHALL FRONTIERI I 2.5 TDS at the best online prices at eBay! Free shipping for many products! qby-65隔膜泵

Section 194J Of Income Tax Act - Applicability, Rate, Due Date, Ser…

WebMay 10, 2024 · The provisions of section 194Q would apply to a buyer, whose total sales, gross receipts or turnover from the business carried on by him exceeds INR 10 Crore during the financial year immediately preceding the financial year, in … WebJun 22, 2024 · Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order] March 29, 2024. ... Mere belated TDS Remittance won’t attract Penalty u/s 271C of … WebJan 23, 2024 · TDS mechanism forms a part of advance tax deduction, and thus tax u/s 194J is deducted at the applicable rate prior to completion of payment for any professional or technical service. The following are some additional details about Section 194J of the IT Act, 1961. Table of Contents : Which Payments are subject to TDS under Section 194J? qby-65

Section 194J TDS on fees for professional or technical services

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WebSep 30, 2024 · Applicability of Section 194J of Income Tax Act, 1961 Section 194J of the income tax act is applicable to every person, not being an individual or a HUF, who makes … http://www.munimji.co.in/academic/blogs/14-income-tax/456-tds-on-professional-or-technical-services-section-194j.html qby-15pp diaphragm pumpWeb1 day ago · Dist. Intermediate Educational Office Vs Income Tax Officer (TDS) (ITAT Hyderabad) ITAT Hyderabad held that payment to contract teachers doesn’t qualify as ‘fee for professional services’ and accordingly TDS under section 194J of the Income Tax Act not deductible. Facts- The common question that arises in both these appeals is whether … qby3-80stff

"WebThere are certain payments as mentioned above, such as technical services which attract GST (18%) and which also attract TDS under Section 194J of the IT Act. There was a lot of confusion whether TDS was going to be deducted on the full amount including GST or not. " - Tds u/s 194j applicability

Tds u/s 194j applicability

WebNov 24, 2009 · A number of representations have been received from various stakeholders regarding applicability of provisions under Section 194J ofIncome Tax Act’61 on … WebOct 12, 2024 · It applies when the total amount paid to a resident individual, for carrying out any contractual work or providing any professional service, in a financial year exceeds Rs 50,00,000. If they are required to get Books of Accounts audited, TDS deduction is applicable as per Section 194C and 194J.

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Web194J: Fees for professional or technical services: Rs 30,000: 2% (for technical services) (or) 10% (payable towards royalty in the nature of consideration for sale, distribution or exhibition of cinematographic films;) ... Now the TDS is applicable on such debentures at the rate of 10%. In case you are confused about TDS Return Filing, feel ... WebJul 6, 2024 · Section 194J requires deduction of tax at source @10% from the amount credited or paid by way of fees for professional services, where such amount or aggregate …

WebApr 12, 2024 · Non-Applicability of Section 194J: Section 194J shall not be applicable in following cases: ... Any payment made to recruitment agencies (like Monster India or Naukri.com etc.) will be liable to TDS u/s 194J. The TDS under this section will be applicable on the amount (excluding GST) only if the GST value is shown separately on the bill. ... WebDec 10, 2024 · TDS applicable is payment > 30,000; For professional service, technical service, royalty and non-compete fee, 30K limit applicable separately ... TDS u/s 194J for …

WebTDS Calculator; Tax Calendar; Legal Maxim; Tax Charts & Tables Deductions; Limitation Period; TDS rates; Penalties and Prosecution; View All; Tax FAQs FAQs on filing the return … WebJul 29, 2024 · Section 194J – TDS – Professional, Technical Fees- Any person who is paying fees to any resident person for specified services, then TDS is required to be deducted u/s …

Web2 days ago · ITAT Delhi held that addition of rental income as undisclosed merely because tenant as wrongly deducted TDS u/s. 194J is unsustainable as landlord cannot be blamed for wrong deduction of TDS. Facts- Assessee contested addition of Rs. 3,15,000/- treating rent received from M/s VM Rubber Industries as undisclosed income as TDS was …

WebJun 15, 2024 · TDS under section 194C is not required to be deducted in following cases: The amount of payment made to the contractor in a single contract which does not exceed Rs.30,000.If the aggregate amount of such contracts in a financial year exceeds Rs.1,00,000 then TDS will be deducted. When any amount is paid to the contractor by an individual or … qby3-80ftffWeb194J is applicable when you give an amount to professional to prepare advertisement for you and 194C is applicable only when you make a contract with a person to publish your advertisement. Based on the above details I would suggest to deduct TDS u/s 194J for 1. And rest all in 194C. qby-80WebApr 13, 2024 · TDS on e-commerce participants: 5 Lakh: 1%(01.10.2024) 1% (01.10.2024) 194P: TDS in case of Specified Senior Citizen: Not Applicable: Rates in Force 194Q: TDS … qbyte online loginWebJan 22, 2024 · – Tax deduction rate for u/s 194J (a) is 2% and for 194J (b) is 10% – In case of payee fails to furnish PAN, he will be liable to pay TDS at the rate of 20% Threshold … qby-k50 pneumatic diaphragm pumpWebApr 20, 2024 · Part A : This is applicable for “Professional Services” As per section 194J, “professional services” means services rendered by a person in the course of carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or advertising or such other profession as is … qby-40WebFeb 17, 2024 · TDS under section 194J of Income Tax Act shall be deducted by an individual or HUF, if the total sales, gross receipts or turnover from the business or profession … qbyte voucher typesWebMay 26, 2024 · TDS Section 194J of the Income Tax Act 1961 includes provisions regarding the TDS deduction of fees for technical as well as professional services. We prepared … qbyn council