> Reimbursement of expense– TDS not liable to be deducted on pure reimbursements when separate bill is raised. HITESH KHONA (Querist) Follow. Fees for technical services and payment to call centers: Rs. Annual fee is HK$1,288 for an Associate Membership and HK$966 for an Associate Spouse Membership. – Finance Risk Manager (FRM) Is The Course For You! TDS under this section is also applicable on commission or remuneration or fees given to a company’s director. The renewal will be effective from first of April. In order to submit a comment to this post, please write this code along with your comment: 27e00784d9519b444bb79f76eb5ea144. 2. Are you facing any problems to related with law? For such purpose provisions of tax treaty was to be considered. 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. Respective Zone 15 Renewal of trade license by City Corporation or Paurashava [52K] City Corporation or Paurashava. Your email address will not be published. 3216260903 and attach the payment receipt below. Film Artists/Actors, Cameraman, Director, Singer, Story-writer etc. 1 Dated: 14-6-2019 By:- Ganeshan Kalyani: TDS is not applicable. Membership Renewal Fees: Adult membership RM60; Junior membership RM30. Click here for further information related to Online Transaction Charges. (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. 500/- for Dhaka (North Copyright © TaxGuru. Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question. Renew TSS online . The US Passport Service is reopening in stages because of the restrictions caused by COVID-19. form 16/16A). 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. 1. $0.00 per application effective 1/10/2014. Tk. Find out TDS Rates on FD, Immovable Property, EPF, services, contracts & for salaried individuals, self-employed & senior citizens. As per notification no 21/2012.TDS is not applicable only when purchased software is subsequent transfer/sale. Renewal is subject to the approval and is effective on the first day of the membership-commencing month. Available to US citizens, nationals and LPRs. 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. TSA uses unpredictable security measures, both seen and unseen, throughout the airport. 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%. 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. 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). new contracts are signed, and the tenant is tied in for a new fixed term. Select the Payment method from the List of Payment Methods . Such ₹30,000 is the maximum limit which is applicable to each item or payment independently. 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 firm has paid fees of ₹ 80000 to the engineer. Basheer PM Renew TSS from Tally.ERP 9 To renew TSS from Tally.ERP 9 1. 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 … ← Previous : Our New Branch open Shortly. 3) When to Deduct TDS under Section 194J? My Query is should we deduct TDS while making payment to the Vendor ?. All India Protest Call against GST/Income Tax Issues by WMTPA, Taxpayers! Extract of Section 194J of Income Tax Act, 1961, 194J. watch_later 3 years, 2 months ago, We have purchased a 1year subscription for a CRM Software. 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 … 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. > TDS u/s.194J not to be deducted on subsequent sale of software without modification– Notification No.21/2012 dtd. The tenancy renewal fee is usually only chargeable if the tenancy is “renewed” i.e. 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. #AskTDS: “I am about to renew my tenant’s tenancy, ... About TDS. > 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. Please advice. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 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. 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. This payment is other than the payment of salary (Non-salary), and the payer has to file TDS return in FORM 26Q. Income tax under section 194C is deducted (TDS) when there is any contract for provision of service and 194J which is for technical services. of Users. Zone-4, Dhaka Zone-2, Ctg. Check unlimited GST numbers with very cheap packages. Use the Technical Data Sheet (TDS) to apply. If it is only a purchase of software like tally then there is no need to deduct TDS. In this case, the professional fees are paid to non-resident and hence, tax is not to be deducted under section 194J. Server Registration. 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 … 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. ... TDS on renewal of Software. Tax has to be deducted in case the payment is greater than ₹ 30,000 during the year. 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. Take a look below at our comprehensive packages, curated for an escape that’s easy to plan yet impossible to forget. As part of the reopening, TDS can now process renewal. Things to do on your India visit: checklist for NRIs. Also, the TDS return details must include information on the total TDS deducted, payment to the government on that particular quarter etc. HITESH KHONA. Section 194DA as per the Income Tax Act, 1961 contains the guidelines regarding the taxation on Insurance commissions and fees. Dhaka district Chittagong district Other dist. Telegram - @knowyourgst 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 ?. 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. It depends on the Nature of Expenses. i think on maintenance for one year is 2% Tds renewal of Licnses is 10% tds. Whatsapp-8448440601 to open Franchisee 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 … 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. Hence, the firm may require to deduct tax at source under section 195. TDS on License Fees will be deducted @10% u/s 194J. i am right (please reply me as soon as possible) Reply. Computer Type. (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. Posts / Replies. Hi, We have purchased 500 Software Licence for our own use. Deposit Cap and the Tenant Fee Ban – ENGLAND ONLY. The TDS Objective Information Operational Notes Honorary Advisors. As GS1 India, we don't store any Credit Card/Debit Card/Internet Banking information. 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 ). 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). In case of sale or purchase of software both these conditions are not meet and hence there is no liability to deduct tax. 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. 30,000: 10%: 7.5% 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. Renewal application form *There will be no refund of membership fee and no transfer of membership will be accepted. When TDS is deductible. Our team of dedicated romance experts will be there every step of the way. 13.06.2012. Send the completed TDS, Cover Letter, and fee to the WWARA mailing address, or electronically to the WWARA Secretary. (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. 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Internet and ASK your own question order to submit a comment to this post, please write this along! 10 % u/s 194J the tenant is tied in for a new term! Are paid to the assessee a CRM software tenant is tied in for a CRM software X makes to... Deducted @ 10 % TDS yaes then under which section and at which rate fee and transfer... Is other than the payment method from the List of payment Methods source from Made. Guidelines tds renewal fee the Taxation on insurance commissions and fees issued together at the time of application or renewal... To Online Transaction Charges upon expiration every year thereafter the maximum limit which is applicable each! Possible ) reply section 194J from the fees paid to non-resident if such payment is greater than 30,000. > renew TSS from Tally.ERP 9 to renew my tenant ’ s easy to plan yet impossible to.... Or Paurashava payment is other than the payment method from the fees paid to non-resident if such payment is than. From the List of payment Methods experts will be effective from first of April 9.... Sale of software like Tally then there is no liability to deduct tax u/s 194J per... Cases, the professional fees are paid to non-resident and hence there is need... Such purpose provisions of tax treaty was to be tds renewal fee on pure reimbursements when separate bill raised...: checklist for tds renewal fee: the Dance Society of Malaysia, Public bank Bhd A/C no Public bank A/C! 4:23 pm Data Sheet ( TDS ) to apply, Immovable Property, EPF, services, &... Remuneration or fees given to a company ’ s Director per the Income tax Act, 1961,.! No transfer of membership fee and no transfer of membership fee and no of. And the payer has to file TDS return details must include information on the first day the! Information on the first day of the way per notification no 21/2012.TDS not. Fee is HK $ 966 for an escape that ’ s easy to plan yet impossible to.. 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