Latest fvu & items allowed in nature of payment in form 27q
This query is : Resolved
CA Vinay Dixit
(Querist)
30 April 2015
we have one company who is in business of textile & they are exporting ready made garments. we have to make payment for Testing charges of fabric to hongkong company.we have already paid TDS @27.0375(25%TDS+5%SC on TDS+ 3% EC on TDS& SC). now while preparing TDS return for 4 th quarter when we are selecting nature of payment as Testing charges following message is coming
AS per latest FVU & Data Structure, only following items allowed in Nature of payment
1.COMMISSION
2.DIVIDEND
3.FEES FOR TECHNICAL SERVICES/FEES FRO INCLUDED SERVICES
4.INTEREST PAYMENT
5.INVESTMENT INCOME
6.LONG TERM CAPITAL GAINS
7.PAYMENT TO SPORT PERSONS & ARTISTS
8.ROYALTY
9.SHORT TERM CAPITAL GAINS
10.WINNING FROM HORSE RACES
11.WINNING FROM LOTTERIES,CROSSWORDS PUZZLES,CARD GAMES AND OTHER GAMES OF ANY SORT
12.OTHER INCOME/OTHER(NOT IN NATURE OF INCOME)
we are paying for Testing charges. now for Filling form 27Q what should i take for testing charges. which head i need to choose from the following head?
Please give me opinion .
AS per latest FVU & Data Structure, only following items allowed in Nature of payment
1.COMMISSION
2.DIVIDEND
3.FEES FOR TECHNICAL SERVICES/FEES FRO INCLUDED SERVICES
4.INTEREST PAYMENT
5.INVESTMENT INCOME
6.LONG TERM CAPITAL GAINS
7.PAYMENT TO SPORT PERSONS & ARTISTS
8.ROYALTY
9.SHORT TERM CAPITAL GAINS
10.WINNING FROM HORSE RACES
11.WINNING FROM LOTTERIES,CROSSWORDS PUZZLES,CARD GAMES AND OTHER GAMES OF ANY SORT
12.OTHER INCOME/OTHER(NOT IN NATURE OF INCOME)
we are paying for Testing charges. now for Filling form 27Q what should i take for testing charges. which head i need to choose from the following head?
Please give me opinion .
30 April 2015
You choose Fees for technical service
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
