WebTDS Rates (in %) 1. In the case of a person other than a company 1.1 where the person is resident in India- Section 192:Payment of salary Normal Slab Rate Section 192A:Payment of accumulated balance of provident fund which is taxable in the hands of an employee. 10 Section 193:Interest on securities WebAlong with the GST, TDS of 5%** would still be applied under Section 194H of the Income Tax Act (1961-2024) only if the commission goes over Rs. 30,000 per financial year. Blue Collar & Gig Workforce As for people …
Difference Between Tax Deduction and Tax Credit
WebFeb 29, 2024 · The said amounts are incentive received for achieving the target of sales cannot be treated as Business Auxiliary Services, as incentive are only as trade discount which are extended to the appellant for achieving the targets. We find that this view has been taken by the Tribunal in the case of Sai Service Station (supra). WebTDS on Sales Incentives [Incentives provided for promotion of sale of goods will not be subject to TDS and also will not form part of the total income of the recipient] [Published in 406 ITR (Journ.) p.1 (Part-2)] By S.K.Tyagi At times, queries have been raised by certain business entities – bus chch
TDS on Provision for Salary - TaxGuru
WebApr 28, 2024 · The AO treated the sales incentive paid as ‘commission’, liable to TDS under section 194H of the Act. As the assessee had not deducted any TDS, the AO made … WebFeb 8, 2024 · Form 16A is a certificate of TDS on Income other than Salary. When TDS is deducted from the payments like a commission, contract, professional fees, rent, interest, etc., Form 16A is issued. It is issued by the deductor to the deductee. Deductor (Payer) is a person who makes a payment and deducts TDS. Web1 hour ago · Why Kraken have incentive to tank regular-season finale against Vegas ; Goodwin was serviceable in 2024 when healthy, with 27 receptions and four TDs. But … hancock county ms obituaries