Lease line tds rate
Nettet11. feb. 2024 · Solution: The TDS rate and amount on car hire charges will be at 1% and Rs. 350 respectively since it is an HUF and passes the threshold of Rs. 30,000. For the Full text of Section 194C of Income Tax Act, 1961, please refer to this link. TDS on car hire charges is required to be deducted under Section 194C of the Income Tax Act, 1961 at … NettetTDS rates for FY 2024-23 (AY 2024-24) Salary: Section 192: Relevant slab rate: Withdrawal from Employee Provident Fund : Section 192A: 10%: Yields from …
Lease line tds rate
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http://vasai.icai.org/resources/Utilities/Rates_of_TDS/Rates_of_TDS.aspx NettetThe existing provisions of Section 194I of the Income Tax Act, casts a duty on the payer of rent to deduct tax at the rate of 10% of the rent on any land or building if the aggregate of the rent paid or likely to be paid during the year exceeds Rs 2.40 lakh. The limit of Rs 2.40 lakh is applicable for each payee and not for each of the properties.
Nettet28. aug. 2024 · The Income Tax Appellate Tribunal (ITAT), Delhi bench last week held that the provisions relating to tax deduction at source (TDS) under section 194I of the … Nettet28. sep. 2010 · But, I have seen.. in many companies, they deduct TDS under 194C, as its a payment under specific contract for providing service under a dedicated leased line.
NettetWhat is a deposit dispute? When tenancies come to an end there are sometimes disagreements over who receives the deposit. If the deposit is protected by TDS, the dispute can be referred to us and resolved by a professional, impartial adjudicator. We will decide how much should be awarded to each party based on the evidence you send us. NettetChanges in the TDS Rates (As of 14th May 2024) 1. Due to the COVID-19 situation, the TDS Rates on non-salaried payments made to Indian residents have been reduced by 25% under the Atma Nirbhar Bharat Abhiyaan. 2. The lower TDS Rates will be in effect for the period from 14th May 2024 to 31st March 2024. 3.
Nettet11. okt. 2024 · The said line charges can be treated as rental for the line taken on lease and therefore deduction can possibly be made r-r/s.l94l rather than section 194J. I, …
portable storage sheds independenceNettet22. des. 2024 · Rent of plant, machinery, or equipment: 180,000: 2: Rent of land, building, or furniture: 180,000: 10: ... As per the provisions under the Indian Income-tax Act, the higher TDS rate applied will be the higher of: twice the rate specified in the relevant provision of the Indian Income-tax Act; twice the rate or rates in force, or; the ... irs credit card payment limitsNettetThe regular rate of $109.95 drops to $89.95 for the promo period of two years, ... A TDS phone line is mandatory for all internet packages, which might be a deal-breaker if you … portable storage sheds for rentNettetTDS is not deductible on services using technology --telephone charges, Internet charges, cable TV, leased lines. Payments for use of standard facilities by the public at large in which some form of technical service is inherent are not covered under section 194J. It has also been held in the case of Skycell Communications Ltd. v. Deputy CIT[2001] portable storage sheds skagit countyNettet12. jan. 2024 · Conclusion: L iability to deduct tax at source on leased line charges could be fastened only under the law prevailing at the time of payment. If no liability existed at … irs credit card optionshttp://expertspanel.in/index.php?qa=34260&qa_1=tds-on-lease-line-or-voice-over-internet-expense irs credit card payment lookupNettet5. sep. 2008 · 15 November 2008 Usage of leased line for data transmission is a standard service and hence based on the judgement of Skycell Judgement 2001-(251)-ITR -0053 -MAD, it has been held that the TDS u/s. 194J is not applicable for such services. The lines of the judgement were as follows "Section 194J, as also Explanation 2 in section … irs credit amount for hybrid toyota