WebThe manpower staffing services should come under the section 194 (C) of the Income Tax Act rather than Section 194 (J). Currently TDS certificate is issued with a validity for the current financial year and on client to client basis only, however ISF wanted to pursue for a certificate from AO providing a lower TDS rate for a period of 3 ... WebJun 25, 2024 · As part of the Finance Bill 2024, Section 194J of the TDS was changed. These are some of them: Fees for technical services (which are not considered professional …
Insertion of new sections 194J and 194K
Web2. Disallowance on Expenses. The Government disallows individuals to claim 30% of expenses in a financial year when a payer claims such expenditure as a deduction. However, the Government re-allows individuals to claim this 30% in a fiscal year when they pay TDS to the Government within the due date. Knowing about Section 194J of the Income Tax ... WebJun 30, 2024 · Under section 194Q “It is provided for TDS by the person responsible for paying any sum to any resident for purchase of goods. The rate of TDS is kept very low at 0.1%. The tax is only required to be deducted by that person (i.e. ―buyer) whose total sales, gross receipts, or turnover from the business carried on by him exceed ten crore ... diablo 4 world event
What is 194 Centimeters in Feet and Inches? - CalculateMe.com
WebJul 8, 2024 · The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from August 7 2024. u/s 194J(a) of the Income Tax Act, is related to TDS deduction on fees for Technical Services, and u/s 194J(b) of the Income Tax Act is related to TDS deduction on … WebSep 30, 2024 · The following rate applies to the services listed under section 194J of the Income Tax Act: Particulars. Rate of Tax Deducted At Source. The payee is engaged in the … Web2 days ago · Facts- Assessee contested addition of Rs. 3,15,000/- treating rent received from M/s VM Rubber Industries as undisclosed income as TDS was deducted u/s 194J instead … diablo 5 inch 220 sanding discs