Web4.1 In this regard, vide circular no. 17 of2024 dated 29.09.2024, guideli nes were issued by the Board (with the approval of the Central Government) in relation to the provisions of section 194-0 and section 206C(1 H) of the Act in certain cases to remove difficulties and provide clarity for certain transactions. WebApr 10, 2024 · TDS & TCS - TDS Rate chart FY 2024-24 AY 2024-25 TDS Rate chart 2024 24 TDS Rate AY 2024-25 TDS Rate. Skip to content. Follow us: 7530813450 ... Income Tax Circular; Income Tax Press Release; Income Tax Updates & Articles; Income Tax Act; TDS & TCS; Income Tax case law; Income Tax Return & Audit; Budget & Finance Act;
CBDT Circular No. 14/2024: Order u/s 119 in relation to Section …
WebAug 28, 2024 · We will be coming out with a clarificatory circular very soon,” he said during an interaction on Thursday. Gupta said all issues on the canvass of section 194R of the … WebJul 3, 2024 · Where a TDS/ TCS is required to be deducted/collected under any section (except section 192, 192A, 194B, 194BB, 194LBC or 194N) and aggregate of TDS and TCS deducted and collected as appearing in the 26AS of the buyer is Rs. 50 thousand or more in each of the two previous years, for which due date prescribed u/s 139 (1) is expired, the … flowers vasette - fitzroy
Difference Between TDS and TCS – A Complete Guide
WebJun 25, 2024 · TCS is required to be collected @ 5% if buyer has not filed the returns of income for both of the two previous years immediately prior to the previous year in which tax is required to be collected, and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous … WebApr 10, 2024 · The provisions contained in Section 194-I of the Income Tax Act, 1961 define how one should deduct TDS on rent. Section 194I imposes an obligation for TDS deduction on persons making rental payments to resident Indians exceeding Rs.2,40,000 in a financial year. Section 194-I was introduced to bring rent under the purview of TDS provisions as ... WebJul 2, 2024 · 2) TDS u/s 194Q shall be deducted on the taxable value i.e. exclusive of GST component. (Ref: Circular No 23 of 2024 dated 19th July 2024 ). However, on the … greenbrier nfl training camp