Is tds applicable on subscription fees

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August undefined, 2024

Witryna8 sie 2024 · Replied 04 January 2014. If subscripttion charges are more than 30000 then 194j will get applicable. Online classes for CA CS CMA, Professional courses for GST, Accounts, Tally etc, & Books. Anoopa H P (Member of ICAI CS Executive) (192 Points) Replied 05 January 2014. But its not a professional or technical service to cover … Witryna18 mar 2024 · On purchase of software from a resident TDS shall be deducted @10% under section 194J. On purchase of software from a non-resident TDS shall be deducted under section 195 at the rates in force. (i.e. @ 25% as provided in section 115A or if relevant DTAA provides lower rate than that rate shall apply instead of 25%)

Tds on annual subscription - Income Tax TDS - CAclubindia

Witryna13 kwi 2024 · TDS on e-commerce participants: 5 Lakh: 1%(01.10.2024) 1% (01.10.2024) 194P: TDS in case of Specified Senior Citizen: Not Applicable: Rates in Force 194Q: TDS on Purchase of Goods exceeding Rs. 50 Lakhs (Applicable From 01-July- 2024) In Excess of Rs. 50. Lakhs 0.1 0.1 194R: Benefits or perquisites of … WitrynaPenalties for late filing of TDS/TCS returns: The following penalties shall be applicable if TDS is not paid on time or TDS returns are filed incorrectly: Late filing fees; Penalty; Interest; Late Filing Fees: If you do not file your TDS returns by the due date, you will be charged a late filing fee of Rs.200 per day. The cost will be levied ... indianapolis police north district

TDS deduction for subscription to Office 365 under Sec 194J of …

Witryna1 lut 2011 · 01 February 2011 While renewing the license, you are paying an amount which can be said in the nature of use of copy right. It does not amount to any … Witryna21 sie 2015 · Tds on annual subscription. Mayadhar Rout (Student) (37 Points) 12 September 2013. Hi, we have to paid 7L+12.36% service tax as annual; subscripttion … Witryna24 mar 2008 · 24 March 2008 our company was paid rs.26250/- (single bill) to Mrs.Assocham New Delhi for subscription for membership fees on that. tds … loan signing agent fees in texas

New TDS Rules From 1st April 2024 in India HDFC Bank

Income Tax Dept enables Option to Download Statement for Form …

Witryna20 lut 2024 · The person availing the services of G suite is liable to deduct TDS as per the Income Tax provisions. The services provided by the Google is classified under ‘Other information Technology Service’ SAC 998319 and hence the deductor is liable to deduct TDS @10% under Section 194J. However, the Google billing and payment … Witryna5 mar 2024 · On 2 March 2024, the Indian Supreme Court 1 ruled in favor of non-Indian taxpayers with computer software sales to Indian customers. 2 The Court ruled that software sales should not be characterized as “royalties” under applicable tax treaty law, consequently not triggering Indian withholding tax in the absence of a permanent … indianapolis police northwest districtWitryna11 lis 2024 · But as you mentioned the contract is for annual subscription this amount to contract as well as technical services and TDS is liable to be deducted at 1% or 2% depending on status of supplier. If it is only a purchase of software like tally then there … loans hsbc bank uk

"Witryna13 kwi 2024 · TDS on e-commerce participants: 5 Lakh: 1%(01.10.2024) 1% (01.10.2024) 194P: TDS in case of Specified Senior Citizen: Not Applicable: Rates in … " - Is tds applicable on subscription fees

Is tds applicable on subscription fees

No TDS u/s 195 on purchase of software licenses from non

Witryna19 sie 2010 · TDS on Renewals. 19 August 2010 If i renew subscriptions to website like MAnupatra for legal case-data base , does this transaction attract TDS provisions ? the Annual Subscription/renewal charges is Rs.60000/- . 19 August 2010 TDS applicable on AMC. 19 August 2010 TDS not applicable on above as is it is simply … Witryna26 maj 2024 · Know about section 194J under TDS for technical and professional services fees. Also, check amendments of TDS section 194J due to finance bill 2024 with general queries. ... Please confirm 2% TDS is applicable or 10% TDS? Reply. SAG Infotech says: July 15, 2024 at 11:39 am TDS @ of 10% is applicable.

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Witryna28 lut 2024 · As per Section 194A the rate of TDS applicable on interest income is 10%. The interest income to retired employees may not be more than Rs.5lakhs per … Witryna5 mar 2024 · On 2 March 2024, the Indian Supreme Court 1 ruled in favor of non-Indian taxpayers with computer software sales to Indian customers. 2 The Court ruled that …

Witryna4 kwi 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 technical services. Page ContentsCoverage of Section 194J of the Income Tax ActList of notified servicesUnderstanding the meaning of important terms … Witryna11 kwi 2024 · Every rupee earned by an NRI in India is subject to TDS. The TDS is applicable on every payment earned or accrued. These include rent payments, interest earned from bank accounts, fixed deposits, capital gains from mutual funds etc. Further, NRIs cannot submit Form 15G/Form 15H to lower or avoid TDS. Here's what they can …

Witryna7 cze 2024 · NASSCOM Subscription. 07 June 2024 Is the payment to NASSCOM yearly subscription fee 50,000/- attracts for TDS deduction . If what rate of Tax is to … Witryna14 godz. temu · An individual is eligible to receive dividends of Rs 30,000 (Rs 3 X 10,000). As the amount of dividend exceeds Rs 5,000, TDS will be applicable on it. The TDS of Rs 3,000 (10% of Rs 30,000) will be deducted from the dividend amount and the balance Rs 27,000 will be deposited to the individual's bank account.

Witryna29 cze 2024 · What is TDS: TDS is a type of direct tax that is deducted by a person making payments. ... For Advanced Payroll, there is an additional monthly …

Witryna14 kwi 2024 · TDS is applicable on Post Office FDs if the interest earned exceeds ₹40,000 in a financial year. The TDS rate is 10% of the interest earned. If the investor’s total income is below the taxable limit, they can submit Form 15G/15H to the post office to avoid TDS deduction. indianapolis police lspdfr elsWitryna10 kwi 2024 · Section 194M of the Income Tax Act, 1961, mandates TDS on payment made under specified agreements. It is applicable to any person, other than an individual or HUF, responsible for paying any sum to a resident for carrying out any work in pursuance of a contract, or by way of fees for professional services. The TDS rate … indianapolis police impound auctionWitryna7 maj 2024 · A two-judge bench of the Bombay High Court has held that the subscription fees paid to the cable network operator /MSO /DTH Operators attracts … loan signing agent jobs californiaWitryna11 kwi 2024 · Clarification w.e.f. 05-04-2024 on Section 192 of the Income Tax Act: Salary TDS. Section 192 of the Income Tax Act, 1961 is applicable to all employers … indianapolis police officer kicks man in headWitryna2 mar 2024 · The Supreme Court on Tuesday held that tax deductible at source is not applicable to Indian companies for amounts paid to foreign software manufacturers and suppliers for use or re-sale of ... loan signing agent course marylandWitryna20 kwi 2024 · Title = TDS on membership subscripttion to Industrial Associations Short answer = Yes, it is possible, but which section and what rate, It depends on the nature … indianapolis police officer arrestedWitryna21 wrz 2024 · Any Indian entity or an individual making payment to foreign entity and if such payment is liable to tax in the hands of such foreign entity in India by virtue of Section 9, Income Tax Act,1961 or Double Taxation Avoidance Agreement (DTAA) entered into with the foreign country. Then Indian entity become liable to deduct TDS … indianapolis police officer killed