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Other support services tds rate

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 https://salermoinsuranceagency.com

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

TDS on consultancy charges - Section 194J - Sorting Tax

Category:Section 194J TDS on Fees for Professional or Technical Services

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Other support services tds rate

TDS Rates - incometaxindia.gov.in

WebApr 4, 2024 · The present article features the TDS provisions contained under section 194J of the Income Tax Act, 1961 relating to the TDS deduction on fees for professional or … Web9983. Other Professional, Technical And Business Services. 5/12/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2024. 1/10/2024 1/07/2024. 12% 5% 18%. 998311.

Other support services tds rate

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WebFeb 11, 2024 · The threshold for deduction of TDS on Repair and Maintenance is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. 1,00,000. If it exceeds the … WebFeb 11, 2024 · Rate of deduction of TDS on payment made towards Consultancy Charges under Section 194J of the Income Tax Act, 1961. TDS shall be deducted at the rate of10%. In case of business operations of a call centre at the rate of 2%. TDS on Royalty paid for distribution, screening or sale of a film shall be deducted at the rate of 2%.

WebOct 22, 2010 · TDS on Business Auxiliary services. 22 October 2010 Vide amended definition of work the manufacturing and supplying products according to the requirement or … WebSAC 998599 Other support services n.e.c. SAC (Services Accounting Code) code 998599 is classified under group 99859 (Other support services) of GST services classification. …

WebMay 26, 2024 · Now let’s take a look at amendments due to Finance Bill 2024. TDS will be deducted under Section 194J at rate 2% in case of fees for technical services (not being … WebJun 5, 2024 · Technical Services U/s 194J of Income Tax Act, 1961. This analysis has assumed great importance due to the amendment of section 194J by the Finance Act, 2024 with effect from 1st April 2024. In nutshell, after the amendment, the TDS rate on fees for “professional services” is 10% and in respect of “fees for technical services” (not ...

WebDescription of Services. Rate (%) CESS (%) Effective Date. Rate Revision. 9985. Support Services. 5/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports …

WebJan 23, 2024 · As per Union Budget 2024, the TDS rate for the payment of fees for technical services under Section 194J of Income Tax Act has been reduced to 2% from 10%. The TDS rate for the payment other professional services except that for technical services remains same at 10%. This change in TDS rate will come in effect from 1st April, 2024. five nights at freddy 6969 unblockedWebCGST - 2.5%. SGST - 2.5%. IGST - 5%. 9985. (ii) Services by way of house-keeping, such as plumbing, carpentering, etc. where the person supplying such service through electronic commerce operator is not liable for registration under sub-section (1) of section 22 of the Central Goods and Services Tax Act, 2024. Condition: can i talk to you pleaseWeb144 rows · TDS Rates (in %) 1. In the case of a person other than a company . 1.1 where the person is resident in India- ... Fees for professional or technical services: i) ... With effect … five nights at freddy 4 games