WebMay 7, 2015 · A is a Company When paying TDS what should be checked Company Deductee or Non Company Deductee for the following scenarios Case 1 It is paying the … WebOct 24, 2024 · Definition Of TDS or Tax Deducted At Source A tax which is deducted by companies or individuals when they are making a payment to some other individual or business when that payment crosses a certain threshold. TDS is applicable on payment made for services received by the entity, e.g. Salaries, Rent, Commission, Interest, …

[FAQs] Section 194R of the Income-tax Act - Taxmann Blog

WebJun 15, 2024 · A Tax deductee will be treated as a “Specified person” where he has not filed the tax returns for both the applicable PYs. As such, the Section does not require that the Tax deductee should have filed the tax return within the due date mentioned in Section 139 (1),for not being treated as a “Specified person” under the Section. WebDeductee is the person from whose payment you have deducted TDS. If deductee is a person other than the company, then you should select (0021) Non-Company Deducteesotherwise select (0020) Company Deducteesfor depositing TDS/TCS … memphis cardinals baseball roster

Company deductee vs non company deductee - CAclubindia

WebDeductor is a related term of deductee. As nouns the difference between deductee and deductor is that deductee is one from whom tax is deducted while deductor is one who … WebUnder the usual case, the employer deducts TDS based on the employee's net taxable income. It means the amount of gross taxable income minus tax-saving deductions (according to the information shared by employees) under sections 80C to 80U. WebOct 8, 2009 · A pays professional fees to a Firm / Pvt. Company (DEDUCTEES), for which TDS shall apply. A makes payment through TDS Challan No.281 under CODE NO.0020 - … memphis canopy hotel