WebJan 16, 2024 · 1. June 22, 2024 at 6:11 pm. TDS means Tax Deducted at Source. All property buyers are required to deduct the TDS @1% on the payments made to the … WebMar 14, 2011 · So, tds on the advance payment only should be deducted. Rajan Kapoor (Expert) Follow 14 March 2011 TDS is deducted on the date of credit or payment whichever is earlier. In your case TDS should be deducted on payment date on actual paymenet of Rs. 4 lacs. No need to add service tax for TDS deduction. Previous Next
Tax Deducted at Source (TDS)
WebMay 26, 2024 · TDS is not required to capture in outgoing invoice as the buyer will be depositing the deducted tax against PAN/Aadhar of the seller and the same can be adjusted by the seller against his/her income tax liability. In a single transaction either TDS or TCS one of it would apply. WebMay 26, 2024 · Thanks in advance. Reply. SAG Infotech says: January 27, 2024 at 6:06 pm ... Once we generate the invoice every month, there is tax deduction under 194J 10%. … deaths on everest 2019
Advance Tax: Rules, Calculations, and Due Dates - Quicko
WebJun 30, 2024 · Under section 194Q “It is provided for TDS by the person responsible for paying any sum to any resident for purchase of goods. The rate of TDS is kept very low … WebDeduct TDS in Same Voucher to Yes.The Deduct TDS in Same Voucher screen appears. If you do not see the Deduct TDS in Same Voucher screen, then press F12 (Configure) … WebMar 6, 2024 · An individual is liable to pay advance tax on rental income if the tax liability from rent income is equal to or exceeds INR 10,000. Advance tax liability is reduced by the amount of TDS deducted and deposited by the tenant. Capital Gains. Nowadays, a lot of people invest in the stock market and have capital gains. death song 1991