Income tax 194 j
WebMichigan Department of Treasury - City Tax Administration 5119 (Rev. 10-21) Page 1 of 3 . 2024 City of Detroit Nonresident Income Tax Return . Check here if you are. Issued under … WebAfter section 194-1 of the Income-tax Act, the following sections shall be inserted with effect from the 1st day of July, 1995, namely:— '194J. Fees for professional or technical …
Income tax 194 j
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WebApr 4, 2024 · Ans: As per provisions of section 194J of the Income Tax Act, 1961 requires every person to deduct TDS @ 10% or 2% depending on case to case basis on the … WebJun 22, 2024 · The Supreme Court (SC) of India has held that mere belated TDS remittance won’t attract a penalty under section 271C of the Income Tax Act, 1961. M/s US Technologies, the appellant challenged the impugned judgment(s) and order(s) passed by the High Court of Kerala at Ernakulam in confirming the levy of interest/penalty under …
WebApr 10, 2024 · The Mumbai Income Tax Appellate Tribunal (ITAT) has recently held that roaming charges paid by Vodafone India to other telecom operators are not subject to Tax Deduction at Source (TDS) under section 194C or 194J of Income Tax Act, 1961.. Assessee-Vodafone India Ltd. filed the appeal against the order of Commissioner of Income Tax … WebSection 194J: Fees for professional or technical services: i) sum paid or payable towards fees for technical services ii) sum paid or payable towards royalty in the nature of consideration for sale, distribution or exhibition of cinematographic films; iii) Any other sum
Webthe California Tax Bar. Professor Miller received a B.A., with honors, from the University of California, Berkeley, and a J.D. and LL.M. in Taxation from New York University School of Law. WebApr 10, 2024 · The Mumbai Income Tax Appellate Tribunal (ITAT) has recently held that roaming charges paid by Vodafone India to other telecom operators are not subject to …
WebAuthorship of articles can be regarded as 'professional service' within the meaning of the expression given by way of explanation in S. 194 J Therefore, in case of regular authors where annual honorarium exceed prescribed limit tax can be deducted , by following play safe and avoid contingency rules. 1 Old Query - New Comments are closed. philip berry obituaryWebJan 29, 2024 · Sujit Talukder Friday, January 29, 2024. Section 194JA and Section 194JB are not the engrossed sections or provisions in the Income Tax Act, 1961 (“Act”) but are segregated section codes for the section 194J of the Act for the purpose of filing of e-TDS return to distinguish deduction of tax (TDS) under section 194J either at 2% or 10%. philip berry pediatric harker heightsWebApr 12, 2024 · The present article features the amendment to TDS section 194J of the Income-tax Act, 1961 by the Finance Act, 2024.. As per the proposed amendment to TDS section 194J, TDS on fees for technical services (other than professional services) is reduced from 10% to 2% with effect from 1st April, 2024.Till 31st March, 2024, the TDS … philip berstermannWebJun 25, 2024 · Section 194J of the Income Tax Act of 1961, in particular, lays out the criteria for tax deducted at source (TDS) on a variety of technical and professional services … philip berssonWebApr 13, 2024 · The TDS under Section 194EE applies to all deposits made under the National Saving Scheme, including NSC, PPF, KVP, etc. The interest earned on these deposits is taxable under the head “Income from Other Sources.”. The TDS on such interest is required to be deducted at the time of payment or credit of interest, whichever is earlier. philip bervigWebFeb 17, 2024 · TDS under section 194J of Income Tax Act shall be deducted by an individual or HUF, if the total sales, gross receipts or turnover from the business or profession … philip berry mdWebAug 3, 2024 · Section 194J of the income tax covers TDS deduction on fees for professional or technical services. This section covers doctors, accountants, engineers, interior … philip bersch toms river nj