Web2 days ago · The AMC calculated that some 50 to 60 stray cattle are caught by the cattle nuisance control department (CNCD) daily. ... The policy bans the sale of grass/hay or feeding cattle on footpaths in ... WebOct 2, 2024 · Provisions of TCS on sale of goods have been inserted by the Finance Act 2024 vide section 206C (1H) of the Income Tax Act. Provisions of this section require the seller, to collect tax on the amount received as sale consideration if it exceeds Rs. 50 Lakhs. CBDT has issued Circular Number 17/2024, dated 29/09/2024 to clarify doubts of …
TDS on Purchase of Goods above 50 lakhs (Section 194 Q)
WebApr 11, 2024 · Here, the seller will have to collect tax as TCS at a rate of 0.1% from the buyer when the amount of sale consideration received for ANY goods sold (excluding exports) exceeds INR 50 lakhs. That means TCS applicable on sale consideration that is more than INR 50,00,000. WebFeb 11, 2024 · The extant TDS provisions of section 194-IA can be circumvented by showing less than Rs.50 lakhs (say Rs.49 lakhs) in BBA/ATS/Sale deed and transacting the balance amount off the record in cash For example, in Example 1 above,TDS can be evaded under existing provisions by showing Rs.48 lakhs on paper and paying and receiving balance … htn fe8200
1% TDS on Sale of Property u/s 194IA in 2024 (Detailed Guide)
WebJul 1, 2024 · The Central Board of Direct Taxes (CBDT) on this Wednesday pinpointed that buyers of goods or services shall have to deduct TDS at the source and at 0.1% of the … WebJan 11, 2024 · 22.8%. Above Rs. 1 cr. 20%. 15% of LTCG tax. 23%. 4% of total tax. 23.92%. TDS on sale of property by NRI in India. The maximum surcharge rate on tax payable on … WebDec 30, 2024 · TDS under GST is applicable since 1st October 2024. As per GST Law- Certain categories of registered personality willingness be require for deduct taxes during making payment to suppliers. Sec 51 of CGST Act deals with TDS on GST. Applicability If the contract asset your more than Rs 2.50 Thou, the following class to persons […] hodiny ams 2771