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Under Section 194M if the payments to resident contractors and professionals exceed INR 50,00,000 during the Financial Year, the payer has to deduct tax at the rate of 5% from the sum payable to a resident payee. payer has to issue TDS Certificates within two months of the next financial year. There are two types of major forms under TDS namely:
There was no change in the timeline for tax payment; however, if the deposit of Advance Tax is delayed, a reduced interest rate of 9 percent per annum, or 0.75 percent per month, [18] will be applicable instead of the current rate of 12 percent per annum, or 1 percent, for payment of all taxes falling between 20 March 2020 and 30 June 2020.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Find answers to the latest online sudoku and crossword puzzles that were published in USA TODAY Network's local newspapers.
DETROIT (Reuters) -U.S. automakers Ford Motor and General Motors will donate $1 million each, along with vehicles, to U.S. President-elect Donald Trump's January inauguration, company ...
This year, credit card interest rates hit their highest levels on record since Bankrate started tracking them in 2005. The average interest rate is 20.42 percent right now, according to Bankrate data.
While Microsoft Excel maintains the 1900 Leap year bug, Google sheets 'fixes' this bug by increasing all dates before March 1, 1900, so entering "0" and formatting it as a date returns December 30, 1899. On the other hand. Excel interprets "0" as meaning December 31, 1899, which is formatted to read January 0, 1900.
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