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TDS on catering services – Section 194C of Income Tax Act

https://sortingtax.com/tds-on-catering-services/

TDS on catering services is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents. Related …


TDS u/s 194C applies on Payments for catering services

https://taxguru.in/income-tax/tds-u-s-194c-applies-payments-catering-services.html

The Assessing Officer held that services of catering rendered by M/s Monginis is technical service and therefore, deduction of tax at source by the respondent has to be under …


Should tds be deducted on catering? Explained by FAQ Blog

https://song.dcmusic.ca/should-tds-be-deducted-on-catering

Expert Answers: TDS on catering services is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to


TDS on catering services - Income Tax | TDS - CAclubindia

https://www.caclubindia.com/forum/tds-on-catering-services-15503.asp

Basically the bill contain the food items & service, No TDS to be deducted on the food item, just consider the service for deducting the TDS. Also request for seperate bill for …


TDS on payment of catering services - CAclubindia

https://www.caclubindia.com/experts/tds-on-payment-of-catering-services-374005.asp

15 April 2010 Yes TDS will be deducted due to catering service provided at factory. As per circular 715 dated 8th aug 1995, tds is not required to be made when payment …


"TDS on below services used for functions / Celebrations etc."

http://www.canaresh.com/information/income-tax-india/tds-hotel-banquet-hall-194c

banquet hall. Yes – u/s. 194I. Tds is applicable mainly because. · Rent u/s. 194I. catering (other than servicing food in restaurant/café in normal course of business) Yes – u/s. 194C. TDS is …


When Should TDS be Deducted and Who is Liable to …

https://www.kotaklife.com/insurance-guide/savingstax/when-should-tds-be-deducted-and-who-is-liable-to-deduct-it

In this case, the maturity amount will be taxable as usual. TDS is deducted from the maturity amount of a life insurance policy in line with Section 194 DA. TDS Refund Claim . …


TDS and Service Tax on Dinner Party at Hotel

http://www.casahuja.com/2014/04/tds-and-service-tax-on-dinner-party-at.html

Within the hotel, catering was their job anyway. But on the company premises, they're clearly "carrying out a piece of work" outsourced to them. It is no longer a contract for …


Tax Deducted at Source (TDS) rates in Bangladesh 2021 …

https://legalseba.com/bd-resources/tax-deducted-at-source-tds-rates-in-bangladesh-2021-2022/

Description of service and payment: Rate of deduction of tax: Where base amount does not exceed Tk. 25 lakh: Where base amount exceeds Tk. 25. lakh: 1: Advisory or consultancy …


TDS on fee for Professional and Technical Services

https://taxguru.in/income-tax/tds-fee-professional-technical-services.html

Threshold Limit for each of the above payments except for payment to directors is Rs. 30,000 i.e. no TDS shall be required to deduct at source if the amount paid or payable …


What is TDS and why is it only deducted on services and not on …

https://www.quora.com/What-is-TDS-and-why-is-it-only-deducted-on-services-and-not-on-the-purchase-of-goods

Answer (1 of 3): There are 3 aspects to any tax - levy, computation and collection. The tax on your income is payable during the year in which you earn the income. While actual Computation and …


What is the TDS rate on food? - Quora

https://www.quora.com/What-is-the-TDS-rate-on-food

Rate of TDS on catering services; If the payee is Individual or HUF rate is 1%, other than an individual or HUF it is 2%. Exemption Limit Rs. 30,000 for single payment or aggregate amount …


GST - Applicability of TDS under GST - catering services - The ...

https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=53528

Applicability of TDS under GST - catering services - The provision of tax deduction at source is applicable on the payment made to a supplier of taxable services and since the applicant is …


Section 194C - TDS on Payment to Contractor - Tax2win

https://tax2win.in/guide/section-194c-under-income-tax-act

The amount of payment made to the contractor in a single contract which does not exceed Rs.30,000.If the aggregate amount of such contracts in a financial year exceeds …


Who Is Liable to Deduct TDS under Section 194J? - Vakil Search

https://vakilsearch.com/blog/who-is-liable-to-deduct-tds-under-section-194j/

The rate at which the TDS is deducted. There is a fixed rate for deducting tax under section 194J of the Income Tax Act. 10% is the rate of TDS based on which the TDS is …


What is Tax Deducted at Source (TDS)? Types of payments - Groww

https://groww.in/p/tax/tds

TDS full form 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 or …


Tax Deducted at Source (TDS)

https://incometaxindia.gov.in/Pages/Deposit_TDS_TCS.aspx

The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any …


TDS - Meaning, Deduction in Percentage, Types and Eligibility - SY …

https://www.squareyards.com/blog/tds-tax-deducted-at-source-taxart

And, the bank in which you have your bank account will deduct 10% TDS and 20% TDS if there are no details of your PAN available. If you have submitted your investment proof, …


What is TDS (Tax Deducted At Source)? - 15 Questions Answered!

https://www.profitbooks.net/tax-deducted-at-source-tds/

Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where the person responsible for making specified payments such as salary, commission, …


TDS On Advertisement Charges Should Be Deducted - V J M

https://vjmglobal.com/income-tax/tds/tds-on-advertisement-charges-should-be-deducted/

TDS on Advertisement Charges: The Appellant is liable to deduct TDS on advertisement Expenses u/s 194J @ 10% and not u/s 194C @ 2% because as there was no …


TDS on contract payment: Know all the details here - OkCredit

https://okcredit.in/blog/tds-on-contract-payment/

Catering services Supplying or manufacturing a product as per the specification or requirement of the contractor. It includes all the materials purchased under Section 40A (2) of …


TDS on courier service – Section 194C of Income Tax Act

https://sortingtax.com/tds-on-courier-service/

The time when TDS is required to be deducted is earlier of the following two events -. Explore our Full detailed Article on TDS. TDS on courier service is required to be deducted …


TDS Deduction Rules in India| About Tax Deducted at Source

https://insider.finology.in/tax/tds-deduction-rules-in-india

Rate of TDS to be deducted: 10%. TDS u/s 195 payment to non-resident. Any person responsible for payment to a non-resident, not being a company or to a foreign …


TDS - Practical Guide with Examples - TaxAdda

https://taxadda.com/tax-deducted-at-source-tds/

Few example which will help in understanding the calculation of TDS. Example 1 – Service provided by a individual contractor ‘A’ to a partnership firm ‘B’ and the following payment is …


What is Tax Deduction at Source (TDS)? - Kotak Life

https://www.kotaklife.com/insurance-guide/savingstax/what-is-tds-tax-deducted-at-source

The TDS full form stands for Tax Deducted at Source and it is the tax deducted from an individual’s salary before the amount is credited to their account. This deduction is made every …


TDS on Service tax: TDS Under Goods and Services Tax - OkCredit

https://okcredit.in/blog/tds-on-service-tax/

The sum of TDS deducted is recorded in the digital ledger of the individual from whom the tax was deducted, i.e., the supplier. This sum of TDS is recorded in the supplier's …


GST TDS on payment of goods and services - Finance | Dynamics …

https://learn.microsoft.com/en-us/dynamics365/finance/localizations/ind-gst-tds-payment-goods-services

Therefore, TDS must not be deducted on the CGST, State GST (SGST), or Integrated GST (IGST) component of the invoice. For example, a supplier (vendor) that is …


TDS on payment to contractor or sub-contractor – Section 194C

https://taxadda.com/tds-on-payment-to-contractor-or-sub-contractor-sec-194c/

TDS is also required to be deducted for payment to sub contractor. Tax is to be deducted even if contract is for supply of labour. Time of Deduction. Tax is to be deducted when the amount is …


What is TDS? Why is TDS Deducted and How to Claim a Refund?

https://financial.wealthcafe.in/blog/2022/07/what-is-tds-why-is-tds-deducted-and-how-to-claim-a-refund/

A delay in deduction of tax will attract interest @ 1% per month until the tax is deducted. TDS payment rules: Every person is required to pay the tax deducted to the credit of the government …


Tax Deducted at Source (TDS) - A simple guide with example

https://www.saraltds.com/blogs/tax-deducted-at-source-tds/

TDS is a means of collecting tax on income from any entity. So, under TDS the tax is deducted at the source i.e., from where the income is generated. The purpose of TDS is so …


TDS - Mauritius Revenue Authority - MRA

https://www.mra.mu/index.php/faqs/tds

What is Tax Deduction at Source? Under the system of Tax Deduction at Source (TDS), the payer is required to deduct tax at the time the payment is received by or credited to the account of …


TDS is not deductible on Web Hosting and Promotion Services

https://www.nbaoffice.com/tds-not-deductible-on-web-hosting-and-promotion-services/

Tribunal held that Web Hosting Service and Promotion services have no sharing of knowledge or know-how or any technology to the assessee as proscribed in Article 12 of the …


Is TDS deducted on invoice date or payment date?

https://teacherscollegesj.org/is-tds-deducted-on-invoice-date-or-payment-date/

When do you have to deduct TDs on advance payment? If aggregate of the amount of such sums credited or paid or likely to be credited or paid in the financial year exceeds …


TDS (Tax Deducted at Source) : TDS Meaning, Certificate & Return

https://www.paisabazaar.com/tax/tds/

Tax Deducted at Source – Concept. According to the Income Tax Act, 1961, policies and regulations related to tax deducted at source (TDS) are managed by CBDT …


TaxHeal - GST and Income Tax Complete Guide Portal

https://www.taxheal.com/tds-u-s-194c-will-apply-on-payments-made-for-catering-services-hc.html

The respondent-assessee had deducted tax at source under Section 194C of the Act on the payments made to M/s Monginis for services of the catering rendered by it. ( b ) The …


TDS - What is TDS? Tax Deducted at Source, TDS File, TDS Return

https://www.bankbazaar.com/tax/all-about-tds.html

Tax Deducted at Source (TDS) is a specific amount that is deducted when a certain payment like salary, commission, rent, interest, professional fees, etc. is made. The person who makes the …


Setting Up Tax Deducted at Source (TDS) by Customer, as per the ...

https://learn.microsoft.com/en-us/dynamics365/business-central/localfunctionality/india/tds-for-customer-overview

As per the Income Tax Act, 1961, tax needs to be deducted by the payer, when the payment is of a specific nature. If the TDS is deducted by the customer (deductor), then the …


What is TDS? Tax Deducted at Source Types & Advantages - ICICI …

https://www.icicibank.com/knowledge-base/tax/about-tds

TDS is a direct tax which is collected from the people at the time of payment like salary, rent, commission, etc. The TDS collected is then transferred to Government Account. The full form …


When is TDS to be Deducted and Deposited - When is TDS Due

https://www.teachoo.com/943/365/When-is-TDS-to-be-Deducted-and-Deposited/category/When-is-TDS-Due/

When is TDS to be deposited. It is to be Deposited by 7 th of next month of deduction. Example. TDS Deducted in January, to be deposited by 7 February. TDS Deducted in …


Know All About TDS on Transportation Charges (Freight)

https://khatabook.com/blog/tds-on-transportation/

Circumstances Under which TDS U/s 194C is not deductible. In the following situations, no tax is required to be deducted: When the total amount paid or credited under a …


Tax Deducted at Source (TDS) - What is TDS, Meaning, Rates

https://www.canarahsbclife.com/tax-university/articles/tax-deducted-at-source-tds.html

TDS or Tax Deducted at Source is an income tax that is collected from certain payments like rent, salary, commission, interest, professional fees, etc. The person paying the amount should …


TDS Rates Chart in India for FY2019-20 & AY2020-21

https://www.paisabazaar.com/tax/tds-rates/

TDS Deduction Exemptions. There are few cases when the TDS is exempted. TDS is not levied on payments in favor of RBI, or towards any other recompense to the central …


TDS: What is Tax Deducted at Source and how does it work? All …

https://economictimes.indiatimes.com/wealth/tax/what-is-tds-and-how-does-it-work/articleshow/58905206.cms

Under the income tax laws, TDS is levied on various incomes such as salaries, fixed deposits, recurring deposits etc. The tax is deducted when income is accrued or paid …


TDS on Professional Services, Technical Services under 194J

https://finaccle.in/blog/tds-on-professional-services-technical-services-under-194j/

Provisions of section 194J requires every person to deduct TDS on the Fees for Professional Services, Technical services and others. The threshold limit is Rs 30,000 (except …


How to determine TDS liability for contractors, consultants and ...

https://taxmantra.com/how-to-determine-tds-liability-for-contractors-consultants-and-employees/

TDS is required to be deducted on payments made to contractors if the payment made to them exceeds Rs. 30000 (in a single tranche) or Rs. 100000 (in a financial year). The …


How Is TDS Deducted On A Software Transaction - iPleaders

https://blog.ipleaders.in/tds-deducted-software-transaction/

When the payment is to be made to an individual or an HUF, TDS has to deducted at 1% of the contract value. When the payment is other than to an individual or an HUF, TDS …


K' la Cluj – Firma de catering

https://cateringcluj.ro/

Știm că mâncarea aduce oamenii împreună, construiește noi conexiuni, întărește comunitățile și îți schimbă starea. Catering Cluj livrează bucurie acolo unde se cere, prin serviciile de catering …


TDS on Rent Under Section 194I (Tax on Rental Income) - Scripbox

https://scripbox.com/tax/tds-on-rent/

TDS on rent as per section 194I of the Income Tax Act, 1961 is applicable on rental income which the tenant pays to the owner. The tenant while paying the rent needs to deduct …

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