Lease line tds rate
NettetTDS is not deductible on services using technology --telephone charges, Internet charges, cable TV, leased lines. Payments for use of standard facilities by the public at large in which some form of technical service is inherent are not covered under section 194J. It has also been held in the case of Skycell Communications Ltd. v. Deputy CIT[2001] NettetThe existing provisions of Section 194I of the Income Tax Act, casts a duty on the payer of rent to deduct tax at the rate of 10% of the rent on any land or building if the aggregate of the rent paid or likely to be paid during the year exceeds Rs 2.40 lakh. The limit of Rs 2.40 lakh is applicable for each payee and not for each of the properties.
Lease line tds rate
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Nettet11. okt. 2024 · The said line charges can be treated as rental for the line taken on lease and therefore deduction can possibly be made r-r/s.l94l rather than section 194J. I, … Nettet12. jan. 2024 · Conclusion: L iability to deduct tax at source on leased line charges could be fastened only under the law prevailing at the time of payment. If no liability existed at …
NettetThe regular rate of $109.95 drops to $89.95 for the promo period of two years, ... A TDS phone line is mandatory for all internet packages, which might be a deal-breaker if you already have a phone line provider. ... All TDS plans come with a Wi-Fi modem you can rent, but the rent price for the modem varies depending on the internet delivery type. Nettet11. feb. 2024 · Threshold Limit for deduction of TDS on Maintenance Charges under Section 194C of the Income Tax Act, 1961. Payment should not exceed 30,000 in case of a single transaction and; Aggregate payments made during the relevant FY should not exceed Rs. 1,00,000. If it passes the threshold, then the rate as applicable for TDS on …
Nettet11. feb. 2024 · The rate of TDS is as under: –. TDS shall be deducted @ following rates under section 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF: Credit/ Payment is made to an Individual/ HUF – 1%. Credit/Payment is made to a person other than an Individual/ HUF – 2%. No Surcharge and Higher … Nettet18. jan. 2024 · By Legal Era. ITAT quashes order confirming disallowance of leased line charges due on non-deduction of TDS The Income Tax Appellate Tribunal (ITAT), Pune …
Nettet19. mai 2024 · TDS on lease Line or Voice Over Internet Expense. 1. Whether TDS would be applicable for payment of Leased Line Internet Charges Paid to Vodafone/Idea etc at what rate and which section. 2. Whether TDS would applicable on payment to Vodafone for Monthly Rental of VOIP/SIP Truncking Services/Telecommunication charges paid.
NettetFor monthly rent exceeding ₹ 50,000. Applicable TDS Rate if Date of Payment/Credit to the Landlord is before May 14, 2024 (In %) Applicable TDS Rate if Date of … pontiac heaven storage yardNettetChanges in the TDS Rates (As of 14th May 2024) 1. Due to the COVID-19 situation, the TDS Rates on non-salaried payments made to Indian residents have been reduced by 25% under the Atma Nirbhar Bharat Abhiyaan. 2. The lower TDS Rates will be in effect for the period from 14th May 2024 to 31st March 2024. 3. pontiac hei firing orderNettetWhat is a deposit dispute? When tenancies come to an end there are sometimes disagreements over who receives the deposit. If the deposit is protected by TDS, the dispute can be referred to us and resolved by a professional, impartial adjudicator. We will decide how much should be awarded to each party based on the evidence you send us. shapecontext特征Nettet5. sep. 2008 · 15 November 2008 Usage of leased line for data transmission is a standard service and hence based on the judgement of Skycell Judgement 2001-(251)-ITR … shape controllable microgelsNettet28. sep. 2010 · But, I have seen.. in many companies, they deduct TDS under 194C, as its a payment under specific contract for providing service under a dedicated leased line. shape convention 2022Nettet5. sep. 2008 · 15 November 2008 Usage of leased line for data transmission is a standard service and hence based on the judgement of Skycell Judgement 2001-(251)-ITR -0053 -MAD, it has been held that the TDS u/s. 194J is not applicable for such services. The lines of the judgement were as follows "Section 194J, as also Explanation 2 in section … pontiac home depot phone numberhttp://expertspanel.in/index.php?qa=34260&qa_1=tds-on-lease-line-or-voice-over-internet-expense shape constrained additive models