Nettet16. mai 2024 · There are 2 specific aspects, which lead to this complication: 1. The way Fees for Technical Services has been defined in the Income tax act is quite generic, … Nettet27. mai 2024 · Currently, expenses incurred on secretarial and tax filing fees are given a tax deduction of up to RM5,000 and RM10,000 respectively for each year of assessment (YA), under the Income Tax (Deduction for Expenses in relation to Secretarial Fee and Tax Filing Fee) Rules 2014 [P.U. (A) 336]. In Budget 2024, to provide additional flexibility to ...
Section 194J Of Income Tax Act: TDS On Professional Or Technical Fees
Nettet4. jan. 2024 · Check out the latest TDS Rate chart for FY 2024-21 (AY 2024-22). Find out the Indian TDS rate and rates of TDS (Tax Deducted at Source) ... Professional Fees. 30000. 10-7.5-194J. Technical Fees (w.e.f. 01.04. ... and Availability at all times for serving the needs of the clients and organization while meeting all legal and ... NettetTDS on Transportation Charges (Freight): Learn All About Section 194C Regular post-retirement income Additional tax benefit on investments up to ₹50,000 u/s 80CCD (1B) - EEE Category Regulated by PFRDA (Pension fund regulator under Ministry of Finance, Govt. of India) Invest Now dynamics layers
TAX DEDUCTION AT SOURCE GUIDE - MRA
Nettet1. jun. 2024 · The goods and service tax is leviable on legal services as well as accounting services. The GST rate applicable is 18%. In the Pre-GST period, the statutory tax rate for most of the goods was 26.5%. After the implementation of GST, the indirect taxation system has witnessed many changes. Nettet3. feb. 2024 · TDS u/s 194J needs to be deducted by deductor other than an individual or a HUF, @ 10% on any amount paid or payable to any which is in excess of INR 30,000 as: Fees for professional services. Fees for technical services. Any remuneration or fees or commission by whatever name called paid to a director ( other than salary) Royalty. Nettet17. feb. 2024 · Multiple Choice Questions on TDS on Fees for Professional or Technical Services – Section 194J of Income Tax Act MCQ 1 – TDS on Professional Fees Shyam … dynamics lcs api