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Is tds applicable on subscription fees

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 … Witryna11 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 …

TDS on Renewals [Resolved] Income Tax - CAclubindia

Witryna8 godz. temu · The Income Tax Department has recently enabled the option to download statements of Form 26QB Payments in the Income Tax Portal.. The Finance Act of 2013 introduced section 194IA applicable w.e.f. 01.06.2013, wherein TDS is applicable on sale of immovable property where the sale consideration of the property is equal to or … 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 … pinterest rabbit with flowers https://genejorgenson.com

TDS on fee for Professional and Technical Services - TaxGuru

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 … 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 … 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 ... stem houston texas

How to avoid TDS on dividends from equity shares, mutual funds?

Category:Indian Supreme Court rules on taxability of software payments

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Is tds applicable on subscription fees

TDS on Renewals [Resolved] Income Tax - CAclubindia

Witryna10 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 … 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 …

Is tds applicable on subscription fees

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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. Witryna11 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 …

Witryna28 lip 2024 · As such, on the basis of “Principle of Mutuality”, in our opinion, Tax deduction at Source (TDS) is not applicable in case of Application Fee, Membership Fees & Subscription Fees paid by the Members and Associates to MFIN.” Is TDS applicable on membership and subscription fees? Is TDS applicable on … WitrynaTribunal concluded that the subscription fees received by the Assessee is for the use of copyrighted article and not for the use of or right to use of copyright and hence, is not …

Witryna11 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 who are responsible for deducting tax at source from the salaries of their employees. This section applies to all types of employees, including full-time, part-time, and contractual … Witryna28 mar 2024 · What is TDS. Tax Deducted at Source or TDS was introduced to collect tax from the source of income. According to the Income Tax Act, anyone making a …

Witryna3 lut 2024 · Certain Zoom Phone services are subject to a federal excise tax and for those services Zoom Phone collects those taxes on behalf of the government using a “Federal Excise Tax” line item. Zoom Phone also charges state and local telecommunications taxes as permitted or required by law. My last carrier had a …

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 … pinterest rack tvWitryna1 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 … pinterest rack of lambWitryna5 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 … stem homeschool programsWitryna7 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 … pinterest rack pipeWitryna8 kwi 2024 · I think Question depends upon the nature of service they are taking, If the online subscripttion if in the nature of membership fees than there is no need to deduct TDS on that or if it is in the nature of contract or someting than the respective section of TDS will applicable. stem how to codeWitryna28 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 … pinterest radiator covernideasWitryna7 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 … pinterest rad tech