Web1 day ago · Dist. Intermediate Educational Office Vs Income Tax Officer (TDS) (ITAT Hyderabad) ITAT Hyderabad held that payment to contract teachers doesn’t qualify as ‘fee for professional services’ and accordingly TDS under section 194J of the Income Tax Act not deductible. Facts- The common question that arises in both these appeals is whether … WebMay 30, 2024 · Under the income tax laws, TDS is levied on various incomes such as salaries, fixed deposits, recurring deposits etc. The tax is deducted when income is …
Section 196D of Income Tax Act, 1961 Ebizfiling
WebJun 21, 2024 · TDS Section represents the various sections under which tax deduction takes place as per the Income Tax Act 1961. Choose the icon, enter TDS Sections, and then choose the related link. Fill in the fields as described in the following table. Tip User can create any number of sub-sections for a section using Add Sub Section function. WebApr 27, 2024 · Fill deductee details. Information regarding each deductee such as PAN, name, status, amount paid, TDS deducted, date of deduction, date of payment/credit, section under which TDS is deducted ... fortra frontline
TDS u/s 194J not deductible on payment to contract teachers
WebDec 5, 2024 · The latest rule concerned the TDS would be effective from the date July 1, 2024. The government specified the new TDS section 194R in the income tax act in the Budget 2024-23. The amended section specified that a 10% TDS shall be deducted by any individual issuing any advantage or perquisite more than Rs 20,000 a year to a resident. WebApr 13, 2024 · Tax deducted at source (TDS) is one of the modes of collecting tax in India at the very source of income, governed under the Indian tax Act of 1961. TDS is simply an … WebMar 17, 2024 · Section 192A TDS Deduction Limit. Section 192A of the I-T Act, 1961 states that no tax will be deducted at source if the total amount withdrawn from an EPF account is less than or equal to ₹50,000. Any amount exceeding this limit will be taxed as per the existing rules. We have discussed the exemptions allowed under this rule in detail in a ... dinner recipes low carb