2024 Is tds applicable on subscription fees

Is tds applicable on subscription fees

Author: brmh

August undefined, 2024

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 … 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 …

Online Database access fee is Business Income, not …

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 … Witryna13 kwi 2024 · This will also help simplify the TDS process, as it eliminates the need to deal with certain cases. TDS on Certain Incomes Paid to Non-Residents or Foreign Companies TDS is applicable to certain incomes paid to non-residents or foreign companies. The TDS rate will be either 20% or the rate mentioned in a tax treaty, … cbt training keynsham

TDS on Payment under Specified Agreements: Under 194M

Witryna7 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 … Witryna13 cze 2012 · My friend owns a proprietorship concern which is providing Software as a service on subscription basis. Now he has signed a client who wants the service for a period of 3 years and is ready to pay a fixed monthly subscription fee. Should the TDS on the subscription is to be deducted under 194j or 194c? Please do clarify on priority. 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 … cbt training inverurie

Income Tax treatment of amount paid towards Software Purchase …

Channel Subscription Fee paid to Cable Operator under ... - Taxscan

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. 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. bus rental effingham ilWitryna24 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 … cbt training irvine

"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 … " - Is tds applicable on subscription fees

Is tds applicable on subscription fees

TDS Rate Chart AY 2024-25 (FY 2024-24) - thetaxtalk.com

Witryna17 cze 2024 · 7. Shri J.D. Mistry, learned Sr. Counsel appearing for the assessee submitted, the subscription fee received by the assessee from Indian customers for … Witryna12 paź 2009 · 13 October 2009 I think by subscribing to Naukri , u get the following services . Database assess , a permanent login and a password is provided to you and help desk charges .Annual charges are levied every year. I think these fall under "technical services " and would be TDS deductible u/s 194J @ 10%.

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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 … 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 …

Witryna20 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 … Witryna8 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.

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 … Witryna11 kwi 2024 · TDS ON JOB PORTAL SUBSCRIPTION. sruthy (article) (33 Points) 11 April 2024. Hii, Please clarify the tds treatment of Naukri job portal subscripttion and Monster job portal subscripttion ,both are subscribed for one year and the total invoice value for each payment are 147500 and 70800.

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 ...

cbt training invernessWitryna13 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 … cbt training launcestonWitryna19 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 … cbt training letchworthWitryna13 gru 2024 · This implies that the rate of TDS is 10% in case of fees paid for professional services while it is 2% in case of fees for technical services. As the rate … bus rental field trip near meWitryna21 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 … cbt training leedsWitryna11 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 … cbt training maidstoneWitryna28 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 … cbt training keighley