WebJan 17, 2024 · Rate of Tax Deduction Under Section 194J. On any payment made under this provision, TDS will be deducted at a rate of 10%. Beginning April 1, 2024, payments for technical support fees will be subject to a 2% TDS surcharge. Beginning April 1, 2024, a reduced rate of 2% will be deducted from compensation made to call centre operators. WebOct 25, 2010 · The Bill TEXT contains the following. Being the invocie issued in relation to support services of business by XXXX (Provider Company) provided to XXXXXXXXXXX …
TDS on AMC Charges (Annual Maintenance Charges) - Sorting Tax
WebJan 30, 2024 · Other indirect taxes such as service tax, TDS are also collected prior release of a payment. The TDS rates and collection is regulated by CBTD (Central Board for Direct Taxes). TDS is a spot tax, deducted from the actual source of income. The same is described in the indirect tax section of Income tax Act 1961. WebApr 23, 2024 · The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that routine business support services are not taxable as fees for technical services (FTS) since they do not make any technology or skill available to the recipient of the services.. The appellant/assesseeMagotteaux International SA, a tax resident of Belgium, is engaged in … can i talk to you for a minute
TDS on Professional and Technical Services - IndiaFilings
WebTDS Rates for Professional & Technical Services. TDS rates applicable under Section 194J is as follows: 10% on such income. 2% if the payee is only engaged in the business of operation of a call centre. No surcharge, education cess or SHEC shall be added to the above rates. Hence, tax will be deducted at source at the basic rates. WebFeb 2, 2024 · Therefore to reduce litigation, it is proposed to reduce rate for TDS in section 194J in case of fees for technical services (other than professional services) to two per … WebJul 6, 2024 · 194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—. (a) fees for professional … can i talk to you in spanish