Web12 Apr 2024 · This provision was introduced to tax such winnings from online gaming under section 194BA of the Income Tax Act, 1961 and was to come into effect from 1st July 2024. Section 194BA is applicable from 01-04-2024 instead of 01-07-2024. ... Section 194-IA (TDS on Immovable Property Purchase) w.e.f. 01-04-2024. 9. Circulars, Income Tax. Web3 Feb 2024 · 3) Rate of TDS under Section 194IC Given below is the rate of tax that must be deducted under the section 194IC- 10 percent (7.5% w.e.f. 14.05.2024 to 31.03.2024) if the receiver has the PAN 20 percent, if there is no PAN of the receiver. 4) Under what circumstances TDS u/s 194IC is not deductible?
TDS on Purchase or Sale of Immovable Property
Web11 Apr 2024 · Section 194-IA (TDS on Immovable Property Purchase):- 1) Applicability :- Section 194-IA is applicable on any person being Resident or Non-Resident Transferee (buyer of the immovable property) who purchases any immovable property (other than agricultural land) from a Resident Transferor (seller of the immovable property). 2) Rate of … Web10 Apr 2024 · Anand Mohan, Counsel for the revenue supported the contentions of the lower authorities. The Co-ordinate Bench, after analyzing the facts of the case and various decisions held that the payment of roaming charges did not fall under the ambit of TDS provision either under Section 194C or 194J of the Income Tax Act. Hence, the addition … cyclotron motion equation
TDS Rates - incometaxindia.gov.in
Web12 Apr 2024 · Sec 194M-Payment of certain sums by certain individuals or Hindu undivided family. Sec 194N-Payment of certain amounts in cash. Sec 196-Interest or dividend or … Web18 Jan 2024 · Provisions of section 194-IA of the Income Tax Act deal with the requirement of deduction of tax at source (TDS) by the buyer at the time of purchase of the property (other than agricultural land). The provisions of section 194 … Web26 Aug 2024 · Section 194-IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should be deducted by the buyer/purchaser of the property at the time of making payment of sale consideration to the seller. Tax so deducted should be deposited to the Government Account. cyclotron ride