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Is TDS applicable on internet bill?

Is TDS applicable on internet bill?

No it is not applicable on internet charges , The leaseline charges/internet charges paid were only for use of internet connection and do not fall within the provisions of section 194-I ,194-C and 194-J of the Act.

What is TDS rate on internet charges?

Yes, Internet serivces are covered in 194J. Company has followed the section notes & deducted the TDS on internet charges. The rate for this should be 10\%, just check that. In case the rate is lower than you need to see the lower deduction certificate issued by concern ITO.

Is TDS applicable on internet leased line?

There is no Need to Deduct TDS for Interent under Any Sec. It has also been held in the case of Skycell Communications Ltd. v. Deputy CIT[2001] 251 ITR 53 (Mad.).

Can we deduct TDS on mobile bills?

No Tax is recovered from source for post paid telephone bills and mobile bills. No TDS for prepaid calls also. In such cases the recipient of service is liable to deduct tax and remit the same to the exchequer of the Government.

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How can I file TDS online?

How to file TDS online:

  1. Step 1: Go to http://incometaxindiaefiling.gov.in/ and click on ‘Login Here’.
  2. Step 2: Enter your login credentials and click on ‘Login’.
  3. Step 3: Enter Captcha and click the “Login” button.
  4. Step 4: Once you’ve logged in, click on the “TDS” menu and select “Upload TDS” from the drop-down list.

What is 194a TDS rate?

10\%
What is the rate of TDS? Following are the applicable rates of taxes: 10\% when the PAN is furnished (the rate is 7.5\% for interest credited from 14th May, 2020 until 31st March, 2021 as a COVID-19 relief measure); 20\% if the PAN is not provided.

How can calculate TDS?

The employer deducts TDS on salary at the employee’s ‘average rate’ of income tax. It will be computed as follows: Average Income tax rate = Income tax payable (calculated through slab rates) divided by employee’s estimated income for the financial year.

What is Section 194J A?

Section 194J requires deduction of tax at source @10\% from the amount credited or paid by way of fees for professional services, where such amount or aggregate of such amounts credited or paid to a person exceeds Rs….Section 194J TDS on Professional or Technical Fees.

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Nature of payment Threshold limit Rate of tax
Royalty Rs. 30,000 10\%
Non-compete fees Rs. 30,000 10\%

Do phone charges attract TDS?

Would you please elaborate! No Tax is recovered from source for post paid telephone bills and mobile bills. No TDS for prepaid calls also.

Is TDS deducted on toll-free number?

For the calling party, call to such toll-free number is free of charge. It is for this exclusive telephone line that payment is made by assessee. Revenue is of the opinion that payment made by assessee for such services amounts to Royalty u/s. 9(1)(vi) of the Act, and that assessee is liable to deduct TDS u/s.

How can I get TDS refund online?

How to Claim TDS Refund Online?

  1. Sign in or sign up on the online e-filing portal of the Income Tax Department, i.e. incometaxindiaefiling.gov.in.
  2. Fill in the relevant details in the applicable Income Tax Return (ITR) form.
  3. On submission of the ITR, the portal generates an acknowledgement.

Can we file TDS return offline?

TDS returns can be filed both ways – offline or online.

Is there liability to deduct TDs on Internet charges?

Going by the judicial decision it is thus apparent that liability to deduct TDS is governed by section 194J and section 9 (1) (vi) as it existed before Finance Act 2012.It is difficult to appreciate the AO’s view that internet charges represent fees for technical services or royalty.

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Is TDs applicable on interest charges under Income Tax Act?

TDS is not applicable on the interest charges under the TDS provisions of Income tax act. TDS is not applicable on technology services using -telephone charges, Internet charges, cable TV, leased lines etc. To more about TDS and rates applicable, Click here.

What is the total amount of TDs paid on TDs during FY 2011-12?

TDS was not made at all on payment of Rs. 1,52,37,877/- during F.Y. 2011-12, being communication charges, which is liable for TDS u/s 194J @ 10\%. ii. TDS u/s 194C of the Act was made on payment of Rs. 1,71,71,481/- for manpower supply which is in the nature of managerial service and liable for TDS u/s 194J. iii.

When was TDS not made on payment of TDs U/S 194j?

“i. TDS was not made at all on payment of Rs. 1,52,37,877/- during F.Y. 2011-12, being communication charges, which is liable for TDS u/s 194J @ 10\%. ii. TDS u/s 194C of the Act was made on payment of Rs. 1,71,71,481/- for manpower supply which is in the nature of managerial service and liable for TDS u/s 194J.

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