Web144 rows · Section 194-I: Rent a) Plant & Machinery 2 b) Land or building or furniture or … Web11 Apr 2024 · The Finance Ministry, inserted sub section 2 to Section 194 R in the Indian Income Tax Act, 1961 with effect from 1st July 2024. The objective of this insertion was well intended and that was to ...
Town and Country Planning Act 1990 - Legislation.gov.uk
Web10 Apr 2024 · Section 194I imposes an obligation for TDS deduction on persons making rental payments to resident Indians exceeding Rs.2,40,000 in a financial year. Section 194-I was introduced to bring rent under the purview of TDS provisions as rent is a key source of income that was escaping the tax net. Web21 Apr 2024 · Who are the persons liable u/s 194 I : 1.Person other than individuals & Huf: Any person who make payment of rent to a resident shall be bound to deduct TDS under … oval shaped tomato
Section 194I of Income Tax Act – Everything You Need to Know
Web13 Apr 2024 · 5. What is the exemption limit for TDS under Section 194-I. The exemption limit under TDS Section 194I is Rs 2,40,000. That is TDS shall not be deducted during the … Web12 Apr 2024 · Budget 2024 proposed a new provision to tax income earned from winnings from online gaming. 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. Web8 Aug 2024 · Furthermore, for purposes of section 194-I, the meaning of ‘rent’ has also been considered. "‘Rent’ means any payment, by whatever name called, under any lease . . . or … jeans for big belly thin legs