Section 94j tds

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August undefined, 2024

Web21 Jan 2024 · TDS under section 194J is to be deducted when the amount of fees (or aggregate of amounts of fees) credited or paid or likely to be credited or paid during the financial year exceed Rs.30000. Point to be noted is that the limit of Rs.30000 is applicable separately for the all mentioned services. Web29 Jan 2024 · Section 194J provides for deduction of income tax from the payments made towards fees for professional or technical services at the rate of 10 per cent. The rate of …

TDS Payment done 94C instead of 94J, Income Tax

Web3 Feb 2012 · While making of e-payment of TDS , we wrongy typed 94J instead of 94C in the challan what will the steps for Rectification ? Posts / Replies. Showing Replies 1 to 3 of 3 Records. 1 Dated: 6-3-2012 ... Section Wise; Landmark Cases; Case Laws - Section Wise ; Service Tax - Acts & Rules. All Acts & Rules; Chapter V - Finance Act, 1994; All Rules; Web4 Aug 2024 · Tds on 94J Technical Fees. We have received a notice for short deduction of 94J Technical Fees for 10% and 7.5%, whereas w.e.f. from 01-04-2024 94J Technical fees is 2% and w.e.f. 14-05-2024 is 1.5%. We have deducted Tds for 94J Technical services at 2% and 1.5% and paid the amount. Now the dept has sent the notice stating that it is for 94J ... hunter heath baseball

Section 194J TDS on Professional or Technical Fees - Tax2win

Webthe second proviso to section 194 or in view of the notification issued under clause (e) of the second proviso to section 194; (xv) furnish particular of amount paid or credited on which … Web6 Jul 2024 · Section 194J TDS on Professional or Technical Fees: 194K: Section 194K TDS on Income In Respect of Units of Mutual Fund: 194-LA: Section 194LA TDS on Payments … WebSection - 194J. Fees for professional or technical services. 6 Record (s) Page [1 of 1] in 0.046 seconds. TAX INFORMATION AND SERVICES. TAX LAWS & RULES. … hunter heaters website

Section 194J – Fees for professional or technical services - ClearT…

Web27 Apr 2024 · The Indian tax regulations codified under the Income Tax Act, 1961 (“the Act”) contains comprehensive provisions dealing with TDS around applicability, rates of tax, compliances and consequences... Web18 Mar 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 … marvel black panther costume for kidsWeb6 May 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 technical services.. Coverage of Section 194J of the Income Tax Act. Categories of the person covered under section 194J. Every person, except an individual or a HUF, making … hunter heathrow fan

"Web3 Aug 2024 · What is section 194J under the Income Tax Act? Section 194J stated that any person who is paying fees to any resident person for specified services, then TDS is required to be deducted u/s 194J.However,TDS is to be deducted when amount of payment in a year exceeds Rs.30,000/- at the rate of 10%. " - Section 94j tds

Section 94j tds

Section 194J TDS on Fees for Professional or Technical …

Web10 May 2024 · TDS Under Section 194J (a) & 194J (b) The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, … WebAnswer / rajni. These are the code alloted from Income Tax for particulars. TDS. 1]94c for Deducting TDS from Contract or Subcontract or. Adviretisement. 2]94J for Deducting TDS from Professional Fees or. Consultancy. charges or Technical Fees. 3]94I for Deducting TDS from Landlord [Rent]

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Web4 Apr 2024 · Section 194J TDS on Fees for Professional or Technical Services. The present article features the TDS provisions contained under section 194J of the Income Tax Act, … Web13 Mar 2024 · Amendments To Section 194J. Section 194J of the TDS has been amended as part of the Finance Bill 2024. These include: In the case of fees for technical services (which are not considered professional services), tax will be deducted at the rate of 2%. In all other cases, the rate will be up to 10%. An individual or HUF whose revenue, gross ...

Web206CCAread with section 295 of the Income-tax Act, 1961, (43 of 1961) the Central Board of Direct Taxes hereby ... films and call center(@2%) 94J-A 194J(b) Fee for professional service or royalty etc (@10%) 94J-B ... sub-section (1H) and whether TDS has been deductedfrom such payment (if either "F" or"G" is selected in 680) Challan number Web21 Mar 2024 · Section 194J breaks in two different rates 2% and 10% for fees for technical services and fees for professional services respectively (w.e.f. 01/04/2024) However, the …

Web2 Oct 2024 · After the introduction of above two rates in section 194J i.e., TDS @ 10% and TDS @ 2%, it became necessary for the e-TDS return utility to segregate the transactions of tax deduction under section 194J in two parts for 10% and 2% separately. In order to identify the TDS transactions which were deducted @ 2% or 10% section 194J is classified ... WebNo TDS from payment of consideration for purchase of an immovable property (other than agriculture land) 194-IA. If consideration of immovable property and its stamp duty value doesn’t exceed Rs. 50,00,000. 17A. No TDS from payment of rent in respect of any land or building. Note: Other than the rent covered by section 194-I. 194-IB

Web28 Mar 2024 · Currently TDS is deducted under Section 194J At 10% on following payments Professional Technical Royalty Non Compete Fees As per Recent budget announced on 1 …

Web15 Apr 2024 · Section 194J requires TDS to be deducted if the payment for professional or technical services covered by this section surpasses Rs.30,000 per year. Will payments … marvel black panther charactersWebSection 194DA: Payment in respect of life insurance policy. w.e.f. 1/9/2024, the tax shall be deducted on the amount of income comprised in insurance pay-out. 5. Section 194EE: … hunter heater fanWeb22 Jan 2024 · TDS Under Section 194J (a) & 194J (b) The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, … hunter heatingWeb>ANNEXURE: DEDUCTEE/PAYEE WISE BREAK UP OF TDS ... third proviso to section 194N or on account of notification issued under fourth proviso to section 194N. 11.:ULWH³2´LIQ o deduction is as per the provisions of sub-section (2A) of section 194LBA. ... 94J -A 194J(b) Fee for professional service or royalty etc. (@10%) 94J -B 194K Income in ... marvel black panther coloring pagesWeb5 May 2024 · In the backdrop of the provisions of section 195, any person making any payment to a non-resident is required to obtain TAN and deduct tax at the applicable rates. The payer must deposit the tax deducted with the government against the PAN of the payee within the applicable due dates. Further, the payer would also need to furnish the TDS … hunter heating and air ada okWeb13 Jul 2024 · TDS under section 192 shall be deducted by the person responsible for making payment of “Salaries” i.e. employer. Section 192 is applicable only in respect of the income which is chargeable under the head of “Salaries”. The existence of employer-employee relationship is a vital test for taxing any income under the head “Salaries”. hunter heating and cooling vandalia ilWebTDS return. As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return. Basic provisions relating to due date of payment of TCS to the credit of Government Section 206C gives various items on which tax is to be collected at source. The tax so hunter heating and cooling wauneta ne