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Fusion : WITH HOLDING TAX - EXEMPTED RATE

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edited Sep 5, 2019 9:22AM in Tax & Global 1 comment

Summary

FUSION: WITHHOLDING TAX - EXEMPTED RATE

Content

Hi Wizards,

Customer wants to use Lower Tax Deduction Certificate and the said the exempted tax rate % is applicable only to a particular amount limit and the exempted % and amount limit is different from supplier to supplier to legal entity to legal entity.

The requirement is not only the change of %. The exempted rate is applicable only to a certain amount and later on, standard rate is applicable.

Section : 194J: Nature of Payment : Professional Fees / Technical Fees / etc. Threshold Rs 30,000. Individual / HUF TDS: 10 % ; Others TDS : 10 %

Certificate is from April 2019 to March 2020, with a exempted rate of 6 %

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