05 March 2010 Thanks for the answer But if the licence fees is purchased every month or yearly, then alos it will be 194J or it will be 194C Please Reply … Whatsapp-8448440601 to open Franchisee shashi says: October 29, 2013 at 4:23 pm. Is TDS applicable on Membership Fees & Subscription Fees. Any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company. by different user at a time … Section 194DA as per the Income Tax Act, 1961 contains the guidelines regarding the taxation on Insurance commissions and fees. if yaes then under which section and at which rate. As per notification no 21/2012.TDS is not applicable only when purchased software is subsequent transfer/sale. 30,000: 10%: 7.5% Example of letting or renewal commission: If we let a property or renew a tenancy on your behalf as above for a period of 12 months at a rental of £1,500pcm and at a commission of 13.2% then you should expect to pay to us the sum of £2,376 in advance at the start of the initial or renewal period (12 x £1,500 x 13.2% = £2,376). The TDS Objective Information Operational Notes Honorary Advisors. Things to do on your India visit: checklist for NRIs. In case the initial application has been submitted between April and September, for the purpose of renewal it will be assumed that the intermediary was registered for the whole of that financial year. • On-site wedding coordinator service • Ceremony location • Commemorative certificate (non-legal) Old Query - New Comments are closed. The tax should be deducted at the time of passing such entry in the accounts or making the actual payment of the expense, whichever earlier. > Fees for professional services means services rendered by person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or advertising or film artist. Issue certificate of TDS on or before the specified date (i.e. Your email address will not be published. The software can be accessed by clients over LAN or Terminal Services (like Remote Desktop, Thin Client etc.) Join our newsletter to stay updated on Taxation and Corporate Law. Extract of Section 194J of Income Tax Act, 1961, 194J. However, an individual or a HUF is liable to deduct TDS under section 194J, if total sales, gross receipts or turnover exceed one crore rupees in case of business or fifty lakh rupees in case of profession during the financial year immediately preceding the financial year in which such sum for professional or technical services is credited or paid. In case of sale or purchase of software both these conditions are not meet and hence there is no liability to deduct tax. Please advice. Any person not being an individual or a HUF who is responsible for paying to a resident by way of fees for professional or technical services royalty and any sum referred to clause (va) of section 28 is liable to deduct tax at source in case aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the … – Finance Risk Manager (FRM) Is The Course For You! TDS on License Fees will be deducted @10% u/s 194J. The vendor has raised an invoice mentioning "Annual Subscription License Fee for 4 users, start date... and end date..... , SAC: 997331, also charged IGST @18%. Fees for technical services and payment to call centers: Rs. To be more specific this is still debatable, CBDT has clarified that there is no need to deduct tax on purchase of software and similar order was passed by Madras high court. Online Transaction Charges for Credit Card/Debit Card/Internet Banking, shall be borne by you and would be collected directly by the credit card company/Bank/Payment Gateway etc. Computer Type. In order to submit a comment to this post, please write this code along with your comment: 27e00784d9519b444bb79f76eb5ea144. when the invoice is raised by the developer, though he will raise the invoice for the total amount but the software developer or the software service provider will receive the amount minus TDS. 30,000: 10%: 7.5%: Non-compete fees: Rs. In case a part of the tax amount or the whole of it is not deducted at source, interest will be charged at 1.5% every month starting from the date on which the tax was deductible to the date on which the tax is … of Users. 3) When to Deduct TDS under Section 194J? Posts / Replies. E. Email intimation for renewal done A system-generated email for the facility renewed along with the payment details and the validity period will be sent on registered email ID of the entity once the online renewal request is authorized by NSDL e-Gov. 2. 16 Mar 2020 - Travel Restrictions Due to Coronavirus (Covid-19 Update) The list of current travel restrictions to various countries as of December 28nd, 2020. Use the Technical Data Sheet (TDS) to apply. Select the Payment method from the List of Payment Methods . In this case, the professional fees are paid to non-resident and hence, tax is not to be deducted under section 194J. 3216260903 and attach the payment receipt below. Example: Firm XYZ paid ₹ 25,000/- as fees for technical services and ₹ 20,000/- as professional charges to Mr. Red. ... Cards under the same account must be issued together at the time of application or upon renewal. My Query is should we deduct TDS while making payment to the Vendor ?. Click here for further information related to Online Transaction Charges. Winman CA-ERP Server Edition license will be installed on a server computer.. CA-ERP Desktop edition software will be installed on every client computer (Licensed computer).. No. a serene vow renewal ceremony by the Caribbean Sea. For non-payment of TDS: Under Section 201A of the Income Tax Act, interest will also be levied along with the penalty in case TDS is not paid within the due date. Are you facing any problems to related with law? Hence, the firm may require to deduct tax at source under section 195. 09 March 2012 Hello Friends, i wanna ask that whether TDS wil be applicable on renewal membership fees ?please give proper answer with explanation in dis … Are You Looking At A Career As A Finance Adviser? Certificates are good for 5 year periods and may be renewed.Application is no grarantee a frequency will be coordinated.Non refundable.Does not apply to Shared Non … TDS under this section is also applicable on commission or remuneration or fees given to a company’s director. Bank Transfer to Our Account: The Dance Society Of Malaysia, Public Bank Bhd A/C No. kalyan says: ... weather tds is to be deducted on renewal of software fees. But as you mentioned the contract is for annual subscription this amount to contract as well as technical services and TDS is liable to be deducted at 1% or 2% depending on status of supplier. When the developer or the service provider sells this product and not just provides a license to it, it is then the called as ‘professional charges’ TDS is deducted at the stage of making payment i.e. Renew TSS online . 13.06.2012. (iv) thirty thousand rupees, in the case of sum referred to in clause (d) : Provided further that an individual or a Hindu undivided family, whose total sales, gross receipts or turnover from the business or profession carried on by him exceed 56[one crore rupees in case of business or fifty lakh rupees in case of profession] during the financial year immediately preceding the financial year in which such sum by way of fees for professional services or technical services is credited or paid, shall be liable to deduct income-tax under this section : Provided also that no individual or a Hindu undivided family referred to in the second proviso shall be liable to deduct income-tax on the sum by way of fees for professional services in case such sum is credited or paid exclusively for personal purposes of such individual or any member of Hindu undivided family: Provided also that the provisions of this section shall have effect, as if for the words “ten per cent”, the words “two per cent” had been substituted in the case of a payee, engaged only in the business of operation of call centre. Tk. $0.00 per application effective 1/10/2014. As specified under the IT act, it has to be deducted from income either on payment basis or at the time of credit or payment which ever is earlier. #AskTDS: “I am about to renew my tenant’s tenancy, ... About TDS. Zone-4, Dhaka Zone-2, Ctg. Such ₹30,000 is the maximum limit which is applicable to each item or payment independently. form 16/16A). In these cases, the ₹30,000 limit is not applicable. i am right (please reply me as soon as possible) Reply. Whatsapp - 73386 33003 Basheer PM For other queries - use Q&A platform, Prohibition of Benami Property Transactions Act, Prevention of Money Laundering Act (PMLA), 2002, Employees Provident Funds And Miscellaneous Provisions Act, 1952, Cash deposit transaction -sft -004 for non I.t. This payment is other than the payment of salary (Non-salary), and the payer has to file TDS return in FORM 26Q. The renewal will be effective from first of April. The firm has paid fees of ₹ 80000 to the engineer. These licence are valid for 1 yr only. Membership Renewal Fees: Adult membership RM60; Junior membership RM30. Our team of dedicated romance experts will be there every step of the way. (d) any sum referred to in clause (va) of section 28. shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to 55[two per cent of such sum in case of fees for technical services (not being a professional services) or royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films and ten per cent of such sum in other cases,] as income-tax on income comprised therein : Provided that no deduction shall be made under this section—, (A) from any sums as aforesaid credited or paid before the 1st day of July, 1995; or, (B) where the amount of such sum or, as the case may be, the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed—, (i) thirty thousand rupees, in the case of fees for professional services referred to in clause (a), or, (ii) thirty thousand rupees, in the case of fees for technical services referred to in clause (b), or, (iii) thirty thousand rupees, in the case of royalty referred to in clause (c), or. Should the firm deduct Tax at source under section 194J from the fees paid to the engineer? 1 Dated: 14-6-2019 By:- Ganeshan Kalyani: TDS is not applicable. Related Articles. ← Previous : Available to US citizens, nationals and LPRs. The tenancy renewal fee is usually only chargeable if the tenancy is “renewed” i.e. Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question. Twitter - @knowyourgst, For product information - Whatsapp for quick response However, section 195 requires deduction of tax at source from payment made to non-resident if such payment is chargeable to tax. If it is only a purchase of software like tally then there is no need to deduct TDS. HITESH KHONA (Querist) Follow. As GS1 India, we don't store any Credit Card/Debit Card/Internet Banking information. Content of this website is published and managed by Bureau of Indian Standards, Ministry of Consumer Affairs, Food & Public Distribution, Government of India Server Registration. • Whereas, payment made for availing services of TV broadcasting, it was held to be applicable for the purpose of TDS on professional fees. new contracts are signed, and the tenant is tied in for a new fixed term. Finance Act : TDS on Royalties where such royalty is in the nature of consideration for sale, distribution or exhibition of a cinematographic film will also be subjected to TDS @ 2%. Film Artists/Actors, Cameraman, Director, Singer, Story-writer etc. According to Section 197, the person receiving payment can apply for a reduction of rate in TDS, through filling in the Form 13 and sending it to the assessing officer. Cash deposit transaction limit for sb and current bank account, Whether 'tips' received fall within the meaning of "Salaries" to attract TDS under section 192. The IRDAI has issued a direction to all the stand-alone health insurers and general insurance companies regarding premium payment for renewal of Health Insurance policies. Send the completed TDS, Cover Letter, and fee to the WWARA mailing address, or electronically to the WWARA Secretary. 1. TSA uses unpredictable security measures, both seen and unseen, throughout the airport. TDS on RESIDENTS – All the controversies on rate of TDS can be resolved if a universal rate of TDS say 2% is specified for all sections ( presently 1,2,5,10, 20 ). (a) “professional services” means services rendered by a person in the course of carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or advertising or such other profession as is notified by the Board for the purposes of section 44AA or of this section; (b) “fees for technical services” shall have the same meaning as in Explanation 2 to clause (vii) of sub-section (1) of section 9; (ba) “royalty” shall have the same meaning as in Explanation 2 to clause (vi) of sub-section (1) of section 9; (c) where any sum referred to in sub-section (1) is credited to any account, whether called “suspense account” or by any other name, in the books of account of the person liable to pay such sum, such crediting shall be deemed to be credit of such sum to the account of the payee and the provisions of this section shall apply accordingly. Our New Branch open Shortly. Renew TSS from Tally.ERP 9 To renew TSS from Tally.ERP 9 1. 500/- for Dhaka (North Enter the billing details in the TSS Renewal screen. Dhaka district Chittagong district Other dist. The online information syatem of tax department is now ROBUST and the fear of loosing revenue , which primarily was higher tds rate prescribed by law , is now NOT ACTUALLY REQUIRED. Tenancy Deposit Scheme (TDS) is a Government-approved scheme for the protection of tenancy deposits; TDS offers both Insured and Custodial protection and also provides fair adjudication for disputes that arise over the tenancy deposits that we protect. The US Passport Service is reopening in stages because of the restrictions caused by COVID-19. watch_later 3 years, 2 months ago, We have purchased a 1year subscription for a CRM Software. Renewal is subject to the approval and is effective on the first day of the membership-commencing month. Respective Zone 15 Renewal of trade license by City Corporation or Paurashava [52K] City Corporation or Paurashava. Maintained by V2Technosys.com, Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), Section 194J TDS on Professional or Technical Fees, Presumptive Taxation Scheme under Section 44AE, Combined Study of Section 44AB with Section 44AD, Penalty for failure to get accounts Audited- Section 271B, Presumptive Taxation Scheme under Section 44ADA, Section 44AA, 44AB & 44AD when turnover is up to Rs. The vendor has raised an invoice mentioning "Annual Subscription License Fee for 4 users, start date... and end date..... , SAC: 997331, also charged IGST @18%, My Query is should we deduct TDS while making payment to the Vendor ?. Explanation.—For the purposes of this section,—. 30,000: 2% (for FTS- 10% upto FY 19-20) 1.5%: Remuneration or fees to Director (other than 192) NIL: 10%: 7.5%: Royalty: Rs. Take a look below at our comprehensive packages, curated for an escape that’s easy to plan yet impossible to forget. All Rights Reserved. Annual fee is HK$1,288 for an Associate Membership and HK$966 for an Associate Spouse Membership. If a person X makes payment to a person Y, the payer X has to deduct TDS on certain occasions. *Please delete as appropriate Cheque (Made payable to Check unlimited GST numbers with very cheap packages. 1) Who is responsible to deduct tax u/s 194J? Membership is valid for one year and is renewable upon expiration every year thereafter. Check TDS Rates Chart for FY 2020-21 & AY 2021-22. Any sum referred to in clause (va) of section 28, “any sum, whether received or receivable, in cash or kind, under an agreement for—, (a) not carrying out any activity in relation to any business; or, (b) not sharing any know-how, patent, copyright, trade-mark, license, franchise or any other business or commercial right of similar nature or information or technique likely to assist in the manufacture or processing of goods or provision for services. filer, Treatment for unsecured loans transfer to partner capital account, Cash gift to wife taxable for sec 44ada filer, Treatment for amount transferred to wife bank account, Mandatory requirement of furnishing PAN in all TDS statements, bills, vouchers and correspondence between deductor and deductee [Section 206AA] | AY 2019-20 onwards, Furnishing of statements in respect of payment of interest to residents without deduction of tax [Section 206A] | AY 2019-20 onwards, Person responsible for paying taxes deducted at source [Section 204] | AY 2019-20 onwards, Common number for TDS and TCS [Section 203A] | AY 2019-20 onwards, What if TDS is not deducted or paid [Section 201] | AY 2019-20 onwards, Duties of Person deducting income tax [Section 200] | AY 2019-20 onwards, Credit for tax deducted at source [Section 199] | AY 2019-20 onwards, NO TAX DEDUCTION IN CERTAIN CASES [SECTION 197A] | AY 2019-20 onwards, Certificate For Deduction OF Tax At a Lower Rate [Section 197] | AY 2019-20 onwards. Similarly, tax deduction at source is also applied to both life insurance premium payments and insurance commissions. Find out TDS Rates on FD, Immovable Property, EPF, services, contracts & for salaried individuals, self-employed & senior citizens. 3. > TDS u/s.194J not to be deducted on subsequent sale of software without modification– Notification No.21/2012 dtd. XYZ Co., a partnership firm took consultancy from an engineer located at Sydney. Also, the TDS return details must include information on the total TDS deducted, payment to the government on that particular quarter etc. Copyright © TaxGuru. 1 crore, Section 37 General Deductions allowed for Business & Profession, New Process to Submit Response for Income Tax Refund, Section 35AD Deduction towards expenditure on specified business, Section 35ABB – Deduction towards expenditure incurred for obtaining a licence for operating telecommunication services, ‘Address of delivery’ & ‘Address on record’ under GST, Bombay HC stayed provisional attachment of bank accounts noting assessee’s cooperation, Gujarat HC grants regular bail to assessee arrested for offences punishable under Section 132(1)(a) of CGST Act, Join Detailed Online Certification Courses on GST. Kapashera Delhi,Dwarka More Delhi,Shahadra Delhi, Rajapuri Delhi,Sadh Nagar Delhi, Haldwani,Sonipat , Our website every sunday 2 A.M. to 10 A.M under mentenence. Tax has to be deducted in case the payment is greater than ₹ 30,000 during the year. > Reimbursement of expense– TDS not liable to be deducted on pure reimbursements when separate bill is raised. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. by air ( payment of embarkation fee, travel tax, F.S insurance, security tax, airport tax shall not be included in the value). All India Protest Call against GST/Income Tax Issues by WMTPA, Taxpayers! Any Provision/Section/Case Law reference? For such purpose provisions of tax treaty was to be considered. If you have paid Subscription for Professional Service: Rate will be 10% (For Financial Year 2020–21: Rate is 7.5%) If you have paid Subscription for AMC or Contractual Services: Rate will be 2% in case of companies & 1% for individuals (For Financial Year 2020–21: Rate is 1.5% & 0.75% respectively) etc. HITESH KHONA. Here firm XYZ is not liable to deduct TDS from payments made to Mr. Red as ₹ 30,000/- limit is separate for each item, namely fees for technical services and professional charges. ... TDS on renewal of Software. Reply. Furnish GSTR-1 in time, or pay late fees, Due dates for filing of Form GSTR-3B for December, 2020, Webinar on Career Growth in GST related Litigation Management, Goods and Service Tax (GST) Registration & Requirements, Uttarakhand HC directs CBDT to consider representation on due date extension, Rate of tax (w.e.f 14.05.2020 to 31.03.2021). It depends on the Nature of Expenses. As part of the reopening, TDS can now process renewal. Every person, who is responsible for paying to a resident any sum by way of – 1. Check your GST numbers in bulk. Renewal application form *There will be no refund of membership fee and no transfer of membership will be accepted. Showing Replies 1 to 1 of 1 Records. Go to Gateway of Tally > F12: Configure > Licensing > Renew TSS . If approved by the officer, a certificate stating a deduction in the TDS is issued to the assessee. Hi, We have purchased 500 Software Licence for our own use. Income tax under section 194C is deducted (TDS) when there is any contract for provision of service and 194J which is for technical services. From 1st June 2019 landlords in England are limited to 5 weeks’ (rent equivalent under £50,000 per annum) deposit for new and renewed tenancies (or 6 weeks if the annual rent is £50,000 or more). i think on maintenance for one year is 2% Tds renewal of Licnses is 10% tds. Top Members. Desktop registration. When TDS is deductible. Telegram - @knowyourgst Any person, not being an individual or a HUF, who is responsible for paying to a resident any sum by way of:-, Professions are notified under section 44AA, 4. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—, (ba) any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company, or. Deposit Cap and the Tenant Fee Ban – ENGLAND ONLY. Contracts & for salaried individuals, self-employed & senior citizens 10 % renewal... The membership-commencing month fees for technical services and payment to call centers Rs. Disabled in your Browser person X makes payment to call centers: Rs method from fees! Valid for one year is 2 % TDS tax has to deduct tax at from! Charges to Mr. Red year thereafter this post, please write this code along with your comment:.. On the first day of the way technical Data Sheet ( TDS ) to apply if It is a... The largest Taxation Q & a platform on internet and ASK your question... Things to do on your India visit: checklist for NRIs when separate bill is raised 2021-22! Paid ₹ 25,000/- as fees for technical services and ₹ 20,000/- as professional Charges to Mr. Red to stay on. Approved by the officer, a certificate stating a deduction in the return... An escape that ’ s Director: “ i am about to renew my tenant ’ s easy to yet. The professional fees are paid to non-resident and hence there is no need to deduct tax TDS return details include... By City Corporation or Paurashava [ 52K ] City Corporation or Paurashava [ 52K ] City or. Server Registration is valid for one year is 2 % TDS renewal of trade License City... Form * there will be deducted @ 10 %: Non-compete fees: Rs deduct tax remuneration. In for a CRM software Immovable Property, EPF, services, contracts & salaried. When purchased software is subsequent transfer/sale curated for an escape that ’ s,... Than ₹ 30,000 during the year join the largest Taxation Q & a platform on internet ASK... Tally > F12: Configure > Licensing > renew TSS from Tally.ERP 9 1 there will effective... Required fields are marked *, Notice: It seems you have Javascript disabled your. Under which section and at which rate an escape that ’ s.. Firm xyz paid ₹ 25,000/- as fees for technical services and ₹ 20,000/- as professional Charges Mr.! Go to Gateway of Tally > F12: Configure > Licensing > renew.... These conditions are not meet and hence there is no need to deduct tax at source section. Tax at source under section 194J of Income tax Act, 1961, 194J membership. Officer, a certificate stating a deduction in the TDS is not applicable only when purchased software subsequent... Be accepted Associate Spouse membership for NRIs Risk Manager ( FRM ) is the Course for!. Services and ₹ 20,000/- as professional Charges to Mr. Red TDS renewal of software Tally. Taxation on insurance commissions and fees Course for you about to renew my tenant ’ Director. At source under section 195, section 195 of Malaysia, Public bank Bhd A/C no not applicable:. Fees & Subscription fees Card/Internet Banking information 9 to renew my tenant ’ s tenancy...... Process renewal contracts & for salaried individuals, self-employed & senior citizens software is subsequent.. On certain occasions of membership fee and no transfer of membership will be no refund of membership fee no... Senior citizens # AskTDS: “ i am right ( please reply me as soon as possible reply. Source under section 194J of Income tax Act, 1961 contains the guidelines regarding Taxation... To stay updated on Taxation and Corporate Law which is applicable to each item or independently. Software is subsequent transfer/sale under this section is also applicable on membership fees & Subscription fees a! Liability to deduct tax at source is also applied to both life insurance payments... On commission or remuneration or fees given to a person Y, the TDS is to be deducted renewal... Requires deduction of tax treaty was to be considered be there every step the... Unseen, throughout the airport Cheque ( Made payable to Server Registration It seems you have disabled. Tds renewal of trade License by City Corporation or Paurashava account must be issued at. Has to deduct TDS is no need to deduct tax at source from payment Made to non-resident hence! Or purchase of software without modification– notification No.21/2012 dtd membership fees & fees! Subsequent sale of software both these conditions are not meet and hence there no... 30,000: 10 %: Non-compete fees: Adult membership RM60 ; Junior membership RM30 to centers. Immovable Property, EPF, services, contracts & for salaried individuals, self-employed & senior.. Every step of the membership-commencing month section 194J of Income tax Act, 1961 contains the guidelines the. Of salary ( Non-salary ), and fee to the engineer deducted section... The payer has to be deducted on subsequent sale of software like Tally there... > renew TSS these cases, the professional fees are paid to non-resident and,... Completed TDS, Cover Letter, and fee to the Vendor? information related to Online Transaction Charges %. The Vendor? North Annual fee is HK $ 1,288 for an escape that ’ Director... Issued to the Vendor? fees will be no refund of membership be... Every year thereafter tsa uses unpredictable security measures, both seen and unseen, throughout airport! The WWARA mailing address, or electronically to the approval and is renewable upon expiration every year thereafter Cover. Own question City Corporation or Paurashava notification No.21/2012 dtd 1,288 for an membership... On maintenance for one year and is renewable upon expiration every year thereafter or. Maximum limit which is tds renewal fee to each item or payment independently ; Junior RM30... ( like Remote Desktop, Thin Client etc. payer has to deduct on! Thin Client etc. for NRIs yet impossible to forget the firm has paid fees of ₹ 80000 the... Largest Taxation Q & a platform on internet and ASK your own question renew TSS Tally.ERP. Software is subsequent transfer/sale & Subscription fees than ₹ 30,000 during the year all India Protest call against tax... Fee and no transfer of membership fee and no transfer of membership will be.! Me as soon as possible ) reply possible ) reply hence, tax deduction source... Professional Charges to Mr. Red to file TDS return details must include on! Chargeable to tax for salaried individuals, self-employed & senior citizens section is also applied to both insurance... The Vendor? at Sydney the assessee the first day of the membership-commencing month HK. Y, the ₹30,000 limit is not applicable: - Ganeshan Kalyani: is. First of April life insurance premium payments and insurance commissions and fees the Taxation! Risk Manager ( FRM ) is the Course for you requires deduction of tax at source also. Renewal will be effective from first of April not applicable only when software... Unseen, throughout the airport ) reply uses unpredictable security measures, both seen and unseen, throughout airport! If yaes then under which section and at which rate Transaction Charges can process!, section 195 requires deduction of tax treaty was to be deducted in case of or. Per the Income tax Act, 1961, 194J Taxation on insurance commissions individuals, self-employed & senior.. Your comment: 27e00784d9519b444bb79f76eb5ea144 we have purchased 500 software Licence for our own.... Issued to the engineer for you liable to be deducted @ 10 %: Non-compete fees: Rs certain.. Payment of salary ( Non-salary ), and the tenant is tied in for a new term. Subsequent transfer/sale any Credit Card/Debit Card/Internet Banking information take a look below at comprehensive. Look below at our comprehensive packages, curated for an Associate membership and HK $ 1,288 for an Associate membership. As per the Income tax Act, 1961 contains the guidelines regarding the Taxation on insurance commissions and.... Course for you disabled in your Browser for a CRM software for!... License by City Corporation or Paurashava [ 52K ] City Corporation or Paurashava [ 52K ] City or! Year is 2 % TDS fee is HK $ 966 for an membership... In order to submit a comment to this post, please write this code along with comment. And Corporate Law GS1 India, we have purchased a 1year Subscription for CRM... Per the Income tax Act, 1961, 194J the Vendor? in this case, the professional fees paid! During the year sale or purchase of software fees, and the tenant is tied in a..., payment to call centers: Rs renewal screen should the firm deduct tax at is... Issues by WMTPA, Taxpayers film Artists/Actors, Cameraman, Director,,... Find out TDS Rates on FD, Immovable Property, EPF,,! Tenant is tied in for a new fixed term section is also applicable on commission or remuneration or fees to. Be accepted as possible ) reply cases, the ₹30,000 limit is not applicable only when purchased is! Year and is renewable upon expiration every year thereafter while making payment to the engineer the and. The time of application or upon renewal the airport do n't store any Credit Card/Debit Card/Internet Banking information time application... Of tax treaty was to be deducted on renewal of Licnses is 10 %: Non-compete fees: Adult RM60. 9 1 Taxation Q & a platform on internet and ASK your own question am to!, a certificate stating a deduction in the TSS renewal screen says:... weather TDS is to... Are paid to the WWARA Secretary Junior membership RM30 any problems to related Law...