TDS on Electricity, Food, Streaming Services & others
This query is : Resolved
Quick Summary
07 February 2021
Hi, in proprietorship business do I have to deduct TDS on services like following?
- Electricity
- Office Maintenance
- Food for Employees from Restaurants
- Video Streaming like Netflix
- Electricity
- Office Maintenance
- Food for Employees from Restaurants
- Video Streaming like Netflix
08 February 2021
Electricity no TDS.
Office maintenance 194c TDS.
Food for employees 194c TDS.
Video streaming 194c TDS.
TDS applicable only if exceed threshold.
Office maintenance 194c TDS.
Food for employees 194c TDS.
Video streaming 194c TDS.
TDS applicable only if exceed threshold.
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09 February 2021
q. In 194C are there two different thresholds? Rs. 30,000 and Rs. 1,00,000
How does that work?
q. Do I have to deduct TDS on Car Insurance renewal?
q. I pay salaries to employees which have income less than rs. 5,00,000 per year. do I have to deduct TDS for them?
thanks
How does that work?
q. Do I have to deduct TDS on Car Insurance renewal?
q. I pay salaries to employees which have income less than rs. 5,00,000 per year. do I have to deduct TDS for them?
thanks
09 February 2021
In 194 c deduct TDS when single payment exceed 30000. No TDS upto 100000 when single payments are less than 30000. When payment exceed 1 lac deduct TDS for previous payments also.
No need for TDS obtain letter from them they opt for the new scheme of no tax upto 5lacs.
No need for TDS obtain letter from them they opt for the new scheme of no tax upto 5lacs.
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1 times
09 February 2021
How do I know if they opt for no tax upto 5lacs?
09 February 2021
Obtain option letter from the employees. Deduct TDS for those who has not given the option letter.
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1 times
10 February 2021
sir I think you missed one query. Do I have to deduct TDS on Car Insurance renewal?
Thanks!
Thanks!
10 February 2021
No TDS required on car insurance renewal.
Message likes :
1 times
11 February 2021
Thanks sir for help!
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