Web4 de mai. de 2024 · If the amount is above the threshold, TCS is calculated for the amount that is over the threshold. If the document amount is below the threshold, no TCS is … Web13 de fev. de 2024 · TCS under GST is applicable in the following cases: When carrying out online trading, sellers will receive their payment after a deduction of 1% tax under the IGST Act. This includes 0.5% under SGST and 0.5% under CGST. Registration for all traders and sellers is compulsory under GST.
Section 206C(1H) TCS to be charged on Invoice or not by Seller?
Web28 de jun. de 2024 · As per the amendment on the Payment of Bonus Bill passed in 2015, if the gross earning of the employee is below Rs. 21,000, employers are liable to pay bonuses. The bonus will be calculated as follows: If salary is equal to or less than Rs. 7,000, then the bonus will be calculated on the actual amount by using the formula: Bonus= Salary x … Web18 de set. de 2024 · TCS stands for Tax collected at source is the tax payable by a seller which he collects from the buyer at the time of sale. TCS is covered under Section 206C … chippewa x caliber
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Web25 de nov. de 2013 · Total base for TCS 117 SD TCS is calculated correctly on 117 but FI TCS is calculated on only Rs. 100 (if I select Modified Net Amount). Pls. guide. Regards, Harnish Shah Find us on Privacy Terms of Use Legal Disclosure Copyright Trademark Newsletter Support Web26 de mai. de 2024 · Solution Approach: With the solution from note 3044961 you will be able to, Stop TCS u/s 206c (1H) applicability in invoices if buyer is liable to deduct TDS u/s 194Q. TCS collection at higher rates for buyer who have not furnished IT returns for last 2 years and the total TDS/TCS is equal to or more than 50000 INR. WebAmount of Payment TDS Surcharge Education Cess Secondary and higher education cess Total TDS to be deducted Note 1: Consider tax treaties before determining the rate of withholding tax under Section 195. Note 2: Monetary limit for TDS applicability should be considered while determining TDS liability. chippewa xfinity