Are you dealing in Taxable and Exempted Both the Goods ? and wants to know about Reversal on Account of Input and Input Services then this Blog is Completely for you. The input tax credit in respect of inputs or input services, which attract the provisions of sub-section (1) or …
Due Date Calendar for Jan. 2024 Month : 07-01-2024 – Due date for payment of TDS/TCS for December 2023 Month. 11-01-2024 – Due date for Filing of GSTR -1 For December 2023 Month. 13-01-2024 – Due date for filing GSTR -1 under IFF Facility for Oct. 2023 – December 2023 …
Tax deducted at source (TDS) – Non RESIDENT TDS RATES Non- resident /foreign company/ FII/Qualified foreign investor related TDS sections: Section 195: TDS on Non-Resident Payments Any person responsible for paying to a non-resident or foreign company shall – deduct income tax thereon at the rates in force. Nature of …
Miscellaneous TDS Provisions: 193: TDS on interest on securities Securities u/s 2(28B) of income tax act, 1961 which means securities of the central or a state government and debentures/other securities issued by or on behalf of a local authority/a company/a co-operative society established by Central or State or Provincial Act. …
Tax Deducted at Source (TDS) TDS Section which applicable for all individual/HUF or any other person whether income from salary/capital gain or any other head i.e. even other than business/profession income 194IA: TDS on purchase of immovable property like plot Any person (other than Government when compensation/enhanced compensation in compulsory …
Section 192:TDS on Salary • Payer: Any person called as employer • Payee: Income receiver whom income is calculated under salary head called as employee • Tds rate: slab rate covering all deductions, exemption like HRA, LTA, deduction u/s 80c to 80u, any other incomes such as rental income from …
In General word we can say tax will deduct or cut at the time of source itself i.e. at the time of payment only so here clarify that responsibility for deduct tds is on payer only also called as deductor. a person who deduct tds at the payment to recipient …
