filer, Treatment for unsecured loans transfer to partner capital account, Cash gift to wife taxable for sec 44ada filer, Treatment for amount transferred to wife bank account, Mandatory requirement of furnishing PAN in all TDS statements, bills, vouchers and correspondence between deductor and deductee [Section 206AA] | AY 2019-20 onwards, Furnishing of statements in respect of payment of interest to residents without deduction of tax [Section 206A] | AY 2019-20 onwards, Person responsible for paying taxes deducted at source [Section 204] | AY 2019-20 onwards, Common number for TDS and TCS [Section 203A] | AY 2019-20 onwards, What if TDS is not deducted or paid [Section 201] | AY 2019-20 onwards, Duties of Person deducting income tax [Section 200] | AY 2019-20 onwards, Credit for tax deducted at source [Section 199] | AY 2019-20 onwards, NO TAX DEDUCTION IN CERTAIN CASES [SECTION 197A] | AY 2019-20 onwards, Certificate For Deduction OF Tax At a Lower Rate [Section 197] | AY 2019-20 onwards. Also, the TDS return details must include information on the total TDS deducted, payment to the government on that particular quarter etc. Cash deposit transaction limit for sb and current bank account, Whether 'tips' received fall within the meaning of "Salaries" to attract TDS under section 192. All India Protest Call against GST/Income Tax Issues by WMTPA, Taxpayers! Copyright © TaxGuru. Dhaka district Chittagong district Other dist. TSA uses unpredictable security measures, both seen and unseen, throughout the airport. The renewal will be effective from first of April. Membership Renewal Fees: Adult membership RM60; Junior membership RM30. The vendor has raised an invoice mentioning "Annual Subscription License Fee for 4 users, start date... and end date..... , SAC: 997331, also charged IGST @18%, My Query is should we deduct TDS while making payment to the Vendor ?. Furnish GSTR-1 in time, or pay late fees, Due dates for filing of Form GSTR-3B for December, 2020, Webinar on Career Growth in GST related Litigation Management, Goods and Service Tax (GST) Registration & Requirements, Uttarakhand HC directs CBDT to consider representation on due date extension, Rate of tax (w.e.f 14.05.2020 to 31.03.2021). In case a part of the tax amount or the whole of it is not deducted at source, interest will be charged at 1.5% every month starting from the date on which the tax was deductible to the date on which the tax is … Kapashera Delhi,Dwarka More Delhi,Shahadra Delhi, Rajapuri Delhi,Sadh Nagar Delhi, Haldwani,Sonipat , Our website every sunday 2 A.M. to 10 A.M under mentenence. Are You Looking At A Career As A Finance Adviser? Desktop registration. 1 Dated: 14-6-2019 By:- Ganeshan Kalyani: TDS is not applicable. by different user at a time … Whatsapp - 73386 33003 Respective Zone 15 Renewal of trade license by City Corporation or Paurashava [52K] City Corporation or Paurashava. Issue certificate of TDS on or before the specified date (i.e. Every person, who is responsible for paying to a resident any sum by way of – 1. Reply. The online information syatem of tax department is now ROBUST and the fear of loosing revenue , which primarily was higher tds rate prescribed by law , is now NOT ACTUALLY REQUIRED. Take a look below at our comprehensive packages, curated for an escape that’s easy to plan yet impossible to forget. Select the Payment method from the List of Payment Methods . The software can be accessed by clients over LAN or Terminal Services (like Remote Desktop, Thin Client etc.) • On-site wedding coordinator service • Ceremony location • Commemorative certificate (non-legal) Old Query - New Comments are closed. Go to Gateway of Tally > F12: Configure > Licensing > Renew TSS . TDS on License Fees will be deducted @10% u/s 194J. 3. > Fees for professional services means services rendered by person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or advertising or film artist. XYZ Co., a partnership firm took consultancy from an engineer located at Sydney. Any Provision/Section/Case Law reference? Here firm XYZ is not liable to deduct TDS from payments made to Mr. Red as ₹ 30,000/- limit is separate for each item, namely fees for technical services and professional charges. As GS1 India, we don't store any Credit Card/Debit Card/Internet Banking information. Film Artists/Actors, Cameraman, Director, Singer, Story-writer etc. Your email address will not be published. Things to do on your India visit: checklist for NRIs. new contracts are signed, and the tenant is tied in for a new fixed term. The tax should be deducted at the time of passing such entry in the accounts or making the actual payment of the expense, whichever earlier. shashi says: October 29, 2013 at 4:23 pm. Computer Type. kalyan says: ... weather tds is to be deducted on renewal of software fees. Join our newsletter to stay updated on Taxation and Corporate Law. The vendor has raised an invoice mentioning "Annual Subscription License Fee for 4 users, start date... and end date..... , SAC: 997331, also charged IGST @18%. Check TDS Rates Chart for FY 2020-21 & AY 2021-22. Basheer PM Renewal application form *There will be no refund of membership fee and no transfer of membership will be accepted. i think on maintenance for one year is 2% Tds renewal of Licnses is 10% tds. Top Members. From 1st June 2019 landlords in England are limited to 5 weeks’ (rent equivalent under £50,000 per annum) deposit for new and renewed tenancies (or 6 weeks if the annual rent is £50,000 or more). (d) any sum referred to in clause (va) of section 28. shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to 55[two per cent of such sum in case of fees for technical services (not being a professional services) or royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films and ten per cent of such sum in other cases,] as income-tax on income comprised therein : Provided that no deduction shall be made under this section—, (A) from any sums as aforesaid credited or paid before the 1st day of July, 1995; or, (B) where the amount of such sum or, as the case may be, the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed—, (i) thirty thousand rupees, in the case of fees for professional services referred to in clause (a), or, (ii) thirty thousand rupees, in the case of fees for technical services referred to in clause (b), or, (iii) thirty thousand rupees, in the case of royalty referred to in clause (c), or. However, section 195 requires deduction of tax at source from payment made to non-resident if such payment is chargeable to tax. 3) When to Deduct TDS under Section 194J? Hence, the firm may require to deduct tax at source under section 195. Tax has to be deducted in case the payment is greater than ₹ 30,000 during the year. 30,000: 10%: 7.5%: Non-compete fees: Rs. by air ( payment of embarkation fee, travel tax, F.S insurance, security tax, airport tax shall not be included in the value). When the developer or the service provider sells this product and not just provides a license to it, it is then the called as ‘professional charges’ TDS is deducted at the stage of making payment i.e.