Professional tax and tds
Webb8 juni 2024 · Although withholding meaning and TDS meaning are almost synonyms, there are two stark differences between the two. Withholding tax applies to NRIs and foreign vendors whereas TDS is for Indian nationals. TDS is applicable at the time the payee is paid. In other words, tax is deducted when the payment is made. Webb25 maj 2024 · Tax Deducted at Source (TDS) is the amount deducted from your employer's earnings or the person making payments to you. This deduction is carried out based on …
Professional tax and tds
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Webb22 apr. 2024 · Inches esteem of foreign payments, TDS u/s. 195 is quite a grey area of the Indian Total Tax Act (act). Every payment to adenine non resident is not liable for TDS u/s. 195.. A decision-making as until the coverage the optional payment u/s. 195 requires determination about taxability of income in the clutches a NUMBER recipient- not only … WebbTax Deducted at Source (TDS) is a specific amount that is deducted when a certain payment like salary, commission, rent, interest, professional fees, etc. is made. The person who makes the payment deducts tax at the …
Webb11 apr. 2024 · NARENDRA (ACCOUNTS MANAGER) (543 Points) Replied 11 April 2024. Originally posted by : Pankaj Verma. In our company, we subscribed to the Naukri Job Portal and deducted taxes under Section 194J at the taxable value. If it is a contract basis then 194C Correct but this is professional fees & i think you should go with 194 J. Webb3 dec. 2024 · There is a very thin line of distinction between TDS u/s 194C and 194J. "Contract" and " Professionals " are appropriately defined under their relevant section …
Webb14 dec. 2024 · One has to understand a difference between (TDS) Tax Deduction at source and professional tax deduction. Both the terms are often mistakenly used in place of one … Webb28 juni 2024 · Income tax and tax deducted at source (TDS) are the two most common terms taxpayers often come across. They may sound similar, but there is a lot of …
Webb5 apr. 2024 · These courses are ideal for professionals already working in the Finance industry or for individuals who are already looking to start working in the industry. The …
WebbUnder the system of Tax Deduction at Source (TDS), the payer is required to deduct tax at the time the payment is received by or credited to the account of the payee. This is similar to the PAYE system whereby tax is deducted by employer at the time emoluments are made available to the employee. the green burrito californiaWebb22 okt. 2024 · No state, however, can impose a Professional Tax on any taxpayer over 2,500 INR. According to the Income Tax Act of 1961, Professional Tax payments can be deducted from taxable income. Advantages of Professional Tax filing According to the law, it is mandatory to pay Professional tax. the green bus birminghamWebbTDS is needed to be deducted at a rate of 10% (let’s say). XYZ Pvt Ltd should deduct a TDS of Rs. 10,000 and pay the remaining balance of Rs. 90,000 to the property owner. Hence, the property owner in this case will receive a net amount of Rs. 90,000 after deducting the tax at the source. the green bus companyWebb14 apr. 2024 · Dear Professionals, My client files tds quaterly. For first 2 months he paid TDS through NSDL and 3rd month TDS was paid via TIN 2.0 as all the banks were migrated there. Now when for filing TDS return when i try to download .csi file 2 months csi file i get it in OLTAS, however the 3rd months csi i can download from E-filing portal. the backyardigans great to be a ghostWebb22 aug. 2024 · After 14 th May 2024, TDS from professional service shall be deducted at 7.5% and TDS from Technical service shall be deducted at 1.5% till 31 st March 2024. Understanding with examples: TDS provisions under section 194J would not get attracted, since the limit of Rs. 30,000 is applicable for fees for professional services and fees for … the green bus company birminghamWebbI cleared my CA Final in Nov 2024 attempt. Along with this, I Completed my Graduation (B.COM) in Commerce. I Completed my articleship training from "Chatter & Chatter", a Jaipur based firm renowed since 1966. This training helped me a lot in enhancing my practical skill and well as in Personality development. I have working experience and … the green burger factory antibesWebbTax and Regulatory Services – EY India Back Back Back Close search Trending Future of Pay: rebalancing the total rewards structure 24 Mar 2024 Workforce Fiscal consolidation in India: charting a credible glide path 24 Mar 2024 Tax How are GCCs delivering value while optimizing cost and operations in a changing environment 24 Mar 2024 Consulting the green bus company limited