2024 Other support services tds rate

Other support services tds rate

Author: kkyw

August undefined, 2024

WebThe following are the SAC code for different types of supporting services for air or space transport: SAC Code 996761 – Airport operation services (excl. cargo handling). SAC Code 996762 – Air traffic control services. SAC Code 996763 – Other supporting services for air transport. SAC Code 996764 – Supporting services for space transport. WebFeb 11, 2024 · Rate of deduction of TDS on payment made towards Consultancy Charges under Section 194J of the Income Tax Act, 1961. TDS shall be deducted at the rate of10%. In case of business operations of a call centre at the rate of 2%. TDS on Royalty paid for distribution, screening or sale of a film shall be deducted at the rate of 2%.

TDS Rates - incometaxindia.gov.in

WebJul 6, 2024 · 194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—. (a) fees for professional … WebTDS Rates for Professional & Technical Services. TDS rates applicable under Section 194J is as follows: 10% on such income. 2% if the payee is only engaged in the business of operation of a call centre. No surcharge, education cess or SHEC shall be added to the above rates. Hence, tax will be deducted at source at the basic rates. boy in the band 2020

Section 194C: TDS on payment to Contractors - Learn by Quicko

WebFeb 2, 2024 · Therefore to reduce litigation, it is proposed to reduce rate for TDS in section 194J in case of fees for technical services (other than professional services) to two per … WebJan 17, 2024 · Rate of Tax Deduction Under Section 194J. On any payment made under this provision, TDS will be deducted at a rate of 10%. Beginning April 1, 2024, payments for technical support fees will be subject to a 2% TDS surcharge. Beginning April 1, 2024, a reduced rate of 2% will be deducted from compensation made to call centre operators. WebJun 12, 2024 · 12 June 2024 Let me know the TDS rate for Software Support Service (Remote help desk support) 1. 10% (194J Professional Fees) or is. 2. 2% (194J Fees for … boy in the back of the class

Support services - 9985 SAC Code and GST rates

Professional Services Vs. Technical Services U/s 194J

WebFeb 11, 2024 · The threshold for deduction of TDS on Repair and Maintenance is currently set at Rs. 30,000 in a single transaction and the aggregate amounts do not exceed Rs. 1,00,000. If it exceeds the … WebJan 23, 2024 · As per Union Budget 2024, the TDS rate for the payment of fees for technical services under Section 194J of Income Tax Act has been reduced to 2% from 10%. The TDS rate for the payment other professional services except that for technical services remains same at 10%. This change in TDS rate will come in effect from 1st April, 2024. gvc live winterthurWebCGST - 2.5%. SGST - 2.5%. IGST - 5%. 9985. (ii) Services by way of house-keeping, such as plumbing, carpentering, etc. where the person supplying such service through electronic commerce operator is not liable for registration under sub-section (1) of section 22 of the Central Goods and Services Tax Act, 2024. Condition: gvcm reach

"WebOct 25, 2010 · The Bill TEXT contains the following. Being the invocie issued in relation to support services of business by XXXX (Provider Company) provided to XXXXXXXXXXX … " - Other support services tds rate

Other support services tds rate

Section 194J: TDS on technical service fees reduced to 2% - TaxGuru

WebSAC 998599 Other support services n.e.c. SAC (Services Accounting Code) code 998599 is classified under group 99859 (Other support services) of GST services classification. … WebOct 22, 2010 · TDS on Business Auxiliary services. 22 October 2010 Vide amended definition of work the manufacturing and supplying products according to the requirement or …

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WebMay 26, 2024 · Now let’s take a look at amendments due to Finance Bill 2024. TDS will be deducted under Section 194J at rate 2% in case of fees for technical services (not being … WebApr 4, 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 …

WebCheck TDS Rates for various kinds of payments, ... Transfer of certain immovable property other than agricultural land. 194IA. Rs.50 lakh. 1. 1. Rent by ... Payment under specified … WebDescription of Services. Rate (%) CESS (%) Effective Date. Rate Revision. 9985. Support Services. 5/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports …

WebJul 23, 2024 · TDS ON OTHER SUPPORT SERVICE SAC CODE 998599. atanu smifs (3 Points) 24 July 2024. Any one expert can say what is TDS applicability on Other Support … Web9983. Other Professional, Technical And Business Services. 5/12/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2024. 1/10/2024 1/07/2024. 12% 5% 18%. 998311.

WebFeb 25, 2008 · Query on TDS on supply of manpower - Income Tax. 25 February 2008 see, this depend upon how you have raised the biil,and what kind of agreement they have in …

WebApr 23, 2024 · The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that routine business support services are not taxable as fees for technical services (FTS) since they do not make any technology or skill available to the recipient of the services.. The appellant/assesseeMagotteaux International SA, a tax resident of Belgium, is engaged in … boy in the bandWeb144 rows · TDS Rates (in %) 1. In the case of a person other than a company . 1.1 where the person is resident in India- ... Fees for professional or technical services: i) ... With effect … gv community\u0027sWebApr 21, 2016 · As you rightly said, Healthcare services provided by a professional medical practitioner is a professional service. That is why we are deducting TDS @ 10% from the salaries of our doctors, under 194J. In my view, more in-depth analysis is needed in this case. Karthik.V.Kulkarni (Chartered Accountant) (594 Points) gvc low energyWebJan 30, 2024 · Other indirect taxes such as service tax, TDS are also collected prior release of a payment. The TDS rates and collection is regulated by CBTD (Central Board for Direct Taxes). TDS is a spot tax, deducted from the actual source of income. The same is described in the indirect tax section of Income tax Act 1961. boy in the band youtubeWebJun 5, 2024 · tds business support services. H: Revocation of Customs Broker License - case of facilitating the fraudu... H: Classification of imported goods - Rate of basis customs duty - Electr... H: Classification of import goods - Luprosil Salt Calcium - premix for an... H: Classification of import goods - omega-6 fatty acid product, namely Lu... gvc length how to measureWebProvided that credit of input tax charged on goods used in supplying the service has not been taken [Please refer to Explanation no. (iv)] 1/01/2024 13/10/2024 1/07/2024. 12% 18% 18% 12%. 997119. Other Financial Services (Except Investment Banking, Insurance Services And Pension Services) 12/18. boy in the bathtubThe type of payments to residents covered under this section are as follows: 1. Professional fees 2. Fees for technical services 3. Remuneration paid to directors excluding salary (For e.g., sitting fees to attend board meetings) 4. Royalty 5. Payments in the nature of non-compete fees (i.e., fees paid to not … See more Every person making a payment in the nature of fees for professional or technical services is liable to deduct tax at source. However, below … See more The tax should be deducted at the time of- 1. Passing such entry in the accounts or 2. Making the actual payment of the expense, whichever … See more gv commentary\u0027s