WebApr 11, 2024 · The consequences on nonpayment/belated remittance of the TDS would be u/s 201(1A) & 276B. Court held that as the assessee was not liable to pay the penalty u/s 271C, any question on applicability of Section 273B of the Act is not required to be considered any further. The order passed by the Kerala High Court was thus quashed and … WebFeb 1, 2024 · CAM Charges Subject to 2% TDS u/s 194C of Income Tax Act 24-01-2024; MCA Notifies Amendment to Companies Rules, 2014 and Form URC-1 ... GST Consultant booked for Breach of Trust 23-01-2024; Rationalised TDS Framework, Concessional IT Regime expected in Budget 2024 23-01-2024; Beneficial Provision of Section 54B of Income Tax …
Section 194J - TDS - Professional, Technical Fees
WebAug 8, 1995 · Answer : Routine, normal maintenance contracts which includes supply of spares will be covered under section 194C. However, where technical services are rendered, the provision of section 194J will apply in regard to tax deduction at source. Cases where held that repair services do not qualify as FTS WebMar 8, 2014 · Tds u/s 194c for contractor being a trust. if the port trust raising the bill for services rendered in port including service tax, then what is the rate of tds u/s 194c? is it … new shows airing tonight
TDS: Whether liability to do TDS u/s 194C on payment to travel …
WebFeb 18, 2024 · Under Section 194C of the Income Tax Act, a contractor and a subcontractor may be defined as follows: A contractor is referred to as any person who agrees to be a … WebAug 22, 2024 · Section 194C is applicable since the invoice value against the job work exceeds rs 30,000. TDS rate will be 1% as the contractor is an individual. TDS will be … WebJul 4, 2024 · 194C of Income tax states that any person responsible for paying to contractor or sub-contractor for carrying out any work (including supply of labour for carrying out work) in pursuance of a contract between a specified person and the resident contractor ‘ Specified persons ’ as per section 194C includes any of the followings: Company Firm / LLP new shows amc 2022