Web22 okt. 2024 · The TDS under section 194C is applicable to resident contractor payments made by specified persons. Section 194C applies to advertising, job work type of works contract etc. … WebTDS, or Tax Deducted at Source, is a certain percentage of one’s monthly income which is taxed from the point of payment. According to the Income Tax Act, 1961, every individual …
TDS on Job Work – Section 194C of Income Tax Act
Web6- Taxation & Audit Participate:- TDS,GST,GST Set off (IGST,SGST,CGST Output vs IGST,SGST,CGST Input) GSTR 1, 2,3 working for return (Prior VAT Knowledge of Sales Tax like complete the purchase... Web4 jan. 2024 · Tax Deducted at Source (TDS) is a mechanism that has been introduced by the Income Tax Department. Under this, the responsible person is supposed to deduct a … pack of chihuahuas
Income Tax on Contract based Employee/Consultant - Chartered …
WebPayments to recruitment agencies are in the nature of payments for services rendered and not for carrying out any work including supply of labour for carrying out any work. Hence … Web2 okt. 2024 · Section 194J of the Act originally provided for deduction of income tax from the payments made towards fees for professional or technical services at the rate of 10%. A new category was added wherein TDS @ 2% was provided by Finance Act 2024. The amendment has reduced the rate of TDS for payments made towards ‘fees for technical … Web2.3 TDS on simultaneous employment with more than one employer or on change of employment Sub-Section 2 of Section 192 provides that where a person is … jerome powell speech today fomc