Web(1) Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor85) for carrying out any work85(including supply of labour for … WebFeb 11, 2024 · The threshold for deduction of TDS on Transportation Charges is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. …
What Is Section 194 Under Income Tax Act? - Tax2win
WebApr 11, 2024 · The tax rate for salaried employees under Section 192 of the Income Tax Act, 1961, depends on the income tax slab rate applicable to the employee’s income. SPECIAL NOTE: The rates of Surcharge and Health & Education cess are same under both the tax regimes; Rebate u/s 87-A Resident Individual whose Total Income is not more than ₹ … WebApr 1, 2024 · Deduction for TDS under Section 194C of the Income Tax Act when paying Common Area Maintenance Fees Fact and issue of the case This appeal filed by the assessee is directed against the order dated 16.01.2024 of the CIT (A)-38, Delhi, relating to Assessment Years 2011-12. The grounds of appeal raised by the assessee read as under:- … koray express
TDS on Payment to Contractors: Sec 194C of Income Tax Act
WebThe Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. The … WebApr 10, 2024 · The Mumbai Income Tax Appellate Tribunal (ITAT) has recently held that roaming charges paid by Vodafone India to other telecom operators are not subject to Tax Deduction at Source (TDS) under section 194C or 194J of Income Tax Act, 1961.. Assessee-Vodafone India Ltd. filed the appeal against the order of Commissioner of Income Tax … WebJul 4, 2024 · As per section 194C (5), tax has to be deducted at source where the amount credited or paid or likely to be credited or paid to a contractor or sub-contractor exceeds … koray birand twitch