Featured Post

Guaranteed 25 percent discounted products !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Image
Oh! you are here. Now, let's grab the maximum discounts on all categories on Amazon. Trust us, these are going to be awesome. It's guaranteed! You will get minimum 25% discount on each products with no maximum discount cap! Best Selling products on Amazon:    https://amzn.to/4jzC57H >> Products starts from Rs. 99/- only:  https://amzn.to/40GhohN 1. Mobile Phones:  https://amzn.to/3Q1Q8Fk 2. Grocery:  https://amzn.to/3Q2pITS 3. Men's Clothing:  https://amzn.to/3WJT1yr 4. Home & Kitchen:  https://amzn.to/4hhCbPO 5. Kids & Children:  https://amzn.to/3Co2THj 6. Latest Women trend store:    https://amzn.to/42KTioq 7. Laptops:  https://amzn.to/3EjrPAe 8. Back Covers and accessories:  https://amzn.to/40AEWo6 9. Amazon Productions:  https://amzn.to/40JE6Wl 10. Televisions & Appliances:    https://amzn.to/4aM0ram 11. Headphones & Speakers:    https://amzn.to/3EhOpZU 12. Books:  https:...
Post a Comment

What is the TDS rate on AMC (Annual Maintenance Charges)? TDS rate on Account Maintenance Charges

How to file Online TDS Return ?

Basically Account Maintenance Charges are deducted by the Banks where they consider as Bank Charges and Doesn’t need to Deduct TDS on it by the service receiver

But if the AC Maintenance Charges are receiving from other institution or From Vendor then it will comes under section 194 C (TDS on Contractor and sub contractor)

Note: You are required to Deduct TDS only if the Transaction fulfilling one of the below conditions, otherwise not required to Deduct TDS

1. Annual Transaction increases 1,00,000 with the same vendor

2. or the Single Invoice exceeds 30,000 in any period

You need to deduct TDS at the rate of 1% (if Individual & HUF) and 2% (in case of other than Individual & HUF)

Note: TDS Rates for the Financial Year 2020–21 has been reduced by 25% by the government so the Rates will be (0.75% & 1.50% respectively) 

Comments

Post a Comment

Popular Posts

What is Digital Signature Certificate? How many types of Digital Signature Certificates are available in India? Types of Digital Signature Certificates in India

Image
As an accountant & Tax Consultant our team are well known about Digital Signature Certificates. Every Accountant, Directors of Company, Partnership Firms having GST Registration, Accountants etc. are well known about Digital Signature Certificate (in short, we call it DSC). But there are many people among us who don’t know about Digital Signature Certificates, what are the uses of DSC’s and Where we can use these. So, don’t worry, today we will introduce you about Digital Signature Certificates in detailed form. What is Digital Signature Certificate? Digital Signature Certificates are Signatures of individual person in electronic manner in the form of certain text file or in the form of token which can be use while signing online Documents or soft copies of files where you can’t sign physically. It is equally valid as physical signature. The Documents signed with Digital Signatures are also equally valid as documents shared in physical (paper) manner. What is the requirement of Dig...
Read more

What is Vanish Mode on Facebook Messenger & Instagram? How to Enable Vanish Mode on Instagram & Facebook Messenger

Image
After the Updation by Google on its Policies & Upgradations on Applications, Facebook is also updating some features on Facebook, Facebook Messenger & Whats App Facebook Started with Colorful theme in Messenger & Instagram, Emoji Like features in Chats & Chat Color Options. Facebook has already integrated all the features in both apps Then Facebook Introduced Payments features in Whats App for Indians Facebook is also working of Disappear Message Feature in Whats App in which the Selected message will disappear from Chats of Both Sender & Recipient after 7 Days. And Now: According to the sources the Facebook is planning to introduce Vanish Mode or Vanish Feature in Instagram & Facebook Messenger. Facebook has already announced about this. Vanish Mode is same as Disappear feature on Whats App (But there are a little differences). As per the source, Vanish mode in Instagram & Facebook Messenger will remove the messages or chats in Inbox for both Sender & R...
Read more

Vodafone & Idea are now VI || New Telecom company in India || New Network Provider || Merger of Vodafone & Idea || MYVI.IN

Image
What is MYVI ? Vodafone & Idea has been merged as on dated 31st August 2018 but both companies were operating their activities on separate basis. Vodafone is doing marketing on Vodafone Products & Services and Idea Cellular also for itself even after the Merger of Vodafone & Idea. But now, Vodafone & Idea has been completely joined together and formed a new venture/entity/ and also changes its name from Vodafone Idea to Vi (upside "i"). The full name of VI is "Vodafone Idea Limited" Just because of announcing the new name, Vodafone Idea (VI) increased its share prices by 10% Company haven't increased the existing plans. All plans are as earlier but it may possible the prices will rise in the future Also good news for the Vodafone Idea was: Supreme court has been given 10 years of period to company to pay the debt of 58,000 Crore Rupees as AGR. What is AGR ? According to CNBC TV: AGR is a fee-sharing mechanism between government and the telecommu...
Read more