The document provides guidance on tax deducted at source (TDS) requirements for common business transactions in India, outlining the sections of the tax code, payment thresholds, and tax rates for deducting TDS on salaries, interest, rent, professional fees, and payments to contractors. It also addresses calculating TDS amounts and due dates for remitting the taxes to the government.
Presentatie behorend bij workshop gegeven door Paul Post bij Caransscoop voor de eerste lijn in Gelderland en Overijssel op 12 november 2012. Onderwerp inleiding in de grote sociale netwerken Twitter,Facebook en LinkedIn voor gebruik in de eerstelijn.
Presentatie behorend bij workshop gegeven door Paul Post bij Caransscoop voor de eerste lijn in Gelderland en Overijssel op 12 november 2012. Onderwerp inleiding in de grote sociale netwerken Twitter,Facebook en LinkedIn voor gebruik in de eerstelijn.
Protect your employees and their families through this self – financing social security and health insurance scheme, Professional Tax is levied by the state government on the income earned by professionals. Get the information about Tax Deducted at Source (TDS) Returns, ESI Returns and Professional Tax Registration and the Process.
Protect your employees and their families through this self – financing social security and health insurance scheme, Professional Tax is levied by the state government on the income earned by professionals. Get the information about Tax Deducted at Source (TDS) Returns, ESI Returns and Professional Tax Registration and the Process.
TDS (Tax Deducted at Source) under section 194C of the Income Tax Act, 1961, pertains to payments made to contractors and subcontractors. When an individual or a business makes a payment to a contractor or subcontractor for carrying out any work (including supply of labour for carrying out such work), they are required to deduct TDS at specified rates from such payments.
In the day to day operations of the business, it is essential to have grip on Tax Deducted at Source (TDS) which acts as a means to collect tax at the inception of the income itself and Tax Collected at Source (TCS) where a seller collects a certain amount of tax from the buyer at the time of sale. In this webinar we will be learning the applicability, non-applicability, prevailing rate of tax and other related provisions of the Income-tax Act with respect to TDS and TCS
Income tax Return is a way by which we pay Income tax. When total income of a person, including all sources, is more than maximum unchargeable limitation then that person is liable to pay income tax.
FILING OF RETURN OF INCOME (U/S. 139)
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Flu Vaccine Alert in Bangalore Karnatakaaddon Scans
As flu season approaches, health officials in Bangalore, Karnataka, are urging residents to get their flu vaccinations. The seasonal flu, while common, can lead to severe health complications, particularly for vulnerable populations such as young children, the elderly, and those with underlying health conditions.
Dr. Vidisha Kumari, a leading epidemiologist in Bangalore, emphasizes the importance of getting vaccinated. "The flu vaccine is our best defense against the influenza virus. It not only protects individuals but also helps prevent the spread of the virus in our communities," he says.
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This includes all relevant anatomy and clinical tests compiled from standard textbooks, Campbell,netter etc..It is comprehensive and best suited for orthopaedicians and orthopaedic residents.
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Recomendações da OMS sobre cuidados maternos e neonatais para uma experiência pós-natal positiva.
Em consonância com os ODS – Objetivos do Desenvolvimento Sustentável e a Estratégia Global para a Saúde das Mulheres, Crianças e Adolescentes, e aplicando uma abordagem baseada nos direitos humanos, os esforços de cuidados pós-natais devem expandir-se para além da cobertura e da simples sobrevivência, de modo a incluir cuidados de qualidade.
Estas diretrizes visam melhorar a qualidade dos cuidados pós-natais essenciais e de rotina prestados às mulheres e aos recém-nascidos, com o objetivo final de melhorar a saúde e o bem-estar materno e neonatal.
Uma “experiência pós-natal positiva” é um resultado importante para todas as mulheres que dão à luz e para os seus recém-nascidos, estabelecendo as bases para a melhoria da saúde e do bem-estar a curto e longo prazo. Uma experiência pós-natal positiva é definida como aquela em que as mulheres, pessoas que gestam, os recém-nascidos, os casais, os pais, os cuidadores e as famílias recebem informação consistente, garantia e apoio de profissionais de saúde motivados; e onde um sistema de saúde flexível e com recursos reconheça as necessidades das mulheres e dos bebês e respeite o seu contexto cultural.
Estas diretrizes consolidadas apresentam algumas recomendações novas e já bem fundamentadas sobre cuidados pós-natais de rotina para mulheres e neonatos que recebem cuidados no pós-parto em unidades de saúde ou na comunidade, independentemente dos recursos disponíveis.
É fornecido um conjunto abrangente de recomendações para cuidados durante o período puerperal, com ênfase nos cuidados essenciais que todas as mulheres e recém-nascidos devem receber, e com a devida atenção à qualidade dos cuidados; isto é, a entrega e a experiência do cuidado recebido. Estas diretrizes atualizam e ampliam as recomendações da OMS de 2014 sobre cuidados pós-natais da mãe e do recém-nascido e complementam as atuais diretrizes da OMS sobre a gestão de complicações pós-natais.
O estabelecimento da amamentação e o manejo das principais intercorrências é contemplada.
Recomendamos muito.
Vamos discutir essas recomendações no nosso curso de pós-graduação em Aleitamento no Instituto Ciclos.
Esta publicação só está disponível em inglês até o momento.
Prof. Marcus Renato de Carvalho
www.agostodourado.com
Title: Sense of Smell
Presenter: Dr. Faiza, Assistant Professor of Physiology
Qualifications:
MBBS (Best Graduate, AIMC Lahore)
FCPS Physiology
ICMT, CHPE, DHPE (STMU)
MPH (GC University, Faisalabad)
MBA (Virtual University of Pakistan)
Learning Objectives:
Describe the primary categories of smells and the concept of odor blindness.
Explain the structure and location of the olfactory membrane and mucosa, including the types and roles of cells involved in olfaction.
Describe the pathway and mechanisms of olfactory signal transmission from the olfactory receptors to the brain.
Illustrate the biochemical cascade triggered by odorant binding to olfactory receptors, including the role of G-proteins and second messengers in generating an action potential.
Identify different types of olfactory disorders such as anosmia, hyposmia, hyperosmia, and dysosmia, including their potential causes.
Key Topics:
Olfactory Genes:
3% of the human genome accounts for olfactory genes.
400 genes for odorant receptors.
Olfactory Membrane:
Located in the superior part of the nasal cavity.
Medially: Folds downward along the superior septum.
Laterally: Folds over the superior turbinate and upper surface of the middle turbinate.
Total surface area: 5-10 square centimeters.
Olfactory Mucosa:
Olfactory Cells: Bipolar nerve cells derived from the CNS (100 million), with 4-25 olfactory cilia per cell.
Sustentacular Cells: Produce mucus and maintain ionic and molecular environment.
Basal Cells: Replace worn-out olfactory cells with an average lifespan of 1-2 months.
Bowman’s Gland: Secretes mucus.
Stimulation of Olfactory Cells:
Odorant dissolves in mucus and attaches to receptors on olfactory cilia.
Involves a cascade effect through G-proteins and second messengers, leading to depolarization and action potential generation in the olfactory nerve.
Quality of a Good Odorant:
Small (3-20 Carbon atoms), volatile, water-soluble, and lipid-soluble.
Facilitated by odorant-binding proteins in mucus.
Membrane Potential and Action Potential:
Resting membrane potential: -55mV.
Action potential frequency in the olfactory nerve increases with odorant strength.
Adaptation Towards the Sense of Smell:
Rapid adaptation within the first second, with further slow adaptation.
Psychological adaptation greater than receptor adaptation, involving feedback inhibition from the central nervous system.
Primary Sensations of Smell:
Camphoraceous, Musky, Floral, Pepperminty, Ethereal, Pungent, Putrid.
Odor Detection Threshold:
Examples: Hydrogen sulfide (0.0005 ppm), Methyl-mercaptan (0.002 ppm).
Some toxic substances are odorless at lethal concentrations.
Characteristics of Smell:
Odor blindness for single substances due to lack of appropriate receptor protein.
Behavioral and emotional influences of smell.
Transmission of Olfactory Signals:
From olfactory cells to glomeruli in the olfactory bulb, involving lateral inhibition.
Primitive, less old, and new olfactory systems with different path
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TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...kevinkariuki227
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Verified Chapters 1 - 19, Complete Newest Version.pdf
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Verified Chapters 1 - 19, Complete Newest Version.pdf
ARTIFICIAL INTELLIGENCE IN HEALTHCARE.pdfAnujkumaranit
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2. UNDERSTANDING TDS
First things first, we need to understand TDS and why we do
TDS to avoid making things tedious:
• TDS is actually tax paid in advance for the year against
the expected tax for the year
• It is collected on a premise that one would file return of
income
• TDS is normally done by the buyer and paid to the
government on behalf of the payee
Page 2
3. TRANSACTIONS THAT ATTRACT TDS
Other transactions:
• Interest on Securities
Normal business transactions • Dividends
• Salaries • Winnings from Lotteries or crossword puzzles
• Winnings from Horse Races
• Interest other than Interest on • Insurance Commission
Securities • Payment to Non-resident sportsmen or sports
association
• Payments to Contractors and
• Payment in respect of NSC
Sub-contractors • Payments in respect of Repurchase of units of
• Commission or Brokerage Mutual Funds or UTI
• Commission on Sale of Lottery Tickets
• Rent • Payment of Compensation on acquisition of
• Fees for Professional or certain immovable property
• Other Sums
Technical Services
• Long term capital gain
• Income or Long term capital gain from Foreign
Currency bonds/Global Depository Receipts
• Income of Foreign Institutional Investors from
Securities
Page 3
4. SALARIES
Section 192
Payment Covered Taxable Salary of the employee
Time of deduction At the time of payment only
Maximum amount which can be On any amount which exceeds the basic
paid without tax deduction exemption limit after deductions/exemptions
Rate At an average rate of tax, computed based on
the slab rate for that Previous Year
Exception If PAN is not provided by the employee, the rate of TDS will be
higher of rate in force or 20%
Page 4
5. INTEREST OTHER THAN INTEREST ON
SECURITIES
Section 194A
Payment Covered Amount payable as interest
Time of deduction At the time of payment or at the time of credit,
whichever is earlier
Maximum amount which can be INR 5,000 per annum
paid without tax deduction
Rate 10% - Payee = Resident Non-corporate
20% - Payee = Resident Corporate
Page 5
6. PAYMENTS TO CONTRACTORS AND
SUB-CONTRACTORS
Section 194C
Payment Covered Any amount of consideration payable towards
contracts for work
Time of deduction At the time of payment or at the time of credit,
whichever is earlier
Maximum amount which can be If a single payment exceeds INR 30,000/- or
paid without tax deduction If total aggregate payments exceed INR
75,000/- per annum per contractor
Rate 1% if Payee = Individual/ HUF
2% if Payee = Others
Exception If PAN is not quoted by the employee, the rate of TDS will be
20%
Page 6
7. PAYMENTS TO CONTRACTORS AND
SUB-CONTRACTORS Section 194C
COMMISSION OR BROKERAGE
Section 194H
Payment Covered Amount of commission or brokerage
Time of deduction At the time of payment or at the time of credit,
whichever is earlier
Maximum amount which can be Any amount exceeding INR 5,000
paid without tax deduction
Rate 10%
20% in cases where PANis not quoted by the
deductee
Page 7
8. RENT
Section 194I
Payment Covered Amount payable as Rent
Time of deduction At the time of payment or at the time of credit,
whichever is earlier
Maximum amount which can be INR 180,000 per annum per payee
paid without tax deduction
Land & Building 10% - If payable to an Individual
Rate 20% - If payable to any other person
Plant & Machinery 2% - Rent of Plant & Machinery
Rate
Exception For assesses whose books of accounts are required to be audited
under Section 44AB in the immediately preceding financial year have to
compulsorily do TDS on ALL TRANSACTIONS covered by the list of
transactions above.
Page 8
9. FEES FOR PROFESSIONAL OR TECHNICAL
SERVICES
Section 194J
Payment Covered Amount payable as Professional services, technical
services or Royalty
Time of deduction At the time of payment or at the time of credit,
whichever is earlier
Maximum amount which can be INR 30,000 per annum per payee
paid without tax deduction
Rate 10%
Exception For assesses whose books of accounts are required to be audited
under Section 44AB in the immediately preceding financial year have to
compulsorily do TDS on ALL TRANSACTIONS covered by the list of
transactions above.
Page 9
10. COMMON QUERY
TDS on FEES FOR PROFESSIONAL OR TECHNICAL SERVICES &
PAYMENTS TO CONTRACTORS AND SUB-CONTRACTORS
When Service tax is charged on Amount of consideration by the Payee, should I
make TDS on Invoice amount or the amount exceeding Service tax?
TDS has to be made on the entire amount of the Invoice including Service Tax.
TDS on RENT
When Service tax is charged on Amount of RENT paid to the Payee, should I
make TDS on Invoice amount or the amount exceeding Service tax?
TDS has to be made only on the amount of RENT. Service Tax should not be
included while making TDS..
Page 10
11. CALCULATING TDS
Base Payments for professional fees were made to Mr. A as follows in the month
scenario of January of INR 100,000 will be:
AMOUNT PAYABLE
Fees payable INR 100,000 TDS @ 10%
TO Mr. A
January INR 100,000 INR 10,000 INR 90,000
Special On April 1, 201X, XYZ Ltd. has engaged Mr. X to perform services in the nature
Case of professional services. He has to be paid the following sums:
Fact 1 June INR 10,000
July INR 10,000
August INR 5,000
Action Payments made were as follows:
June INR 10,000
July INR 10,000
August INR 5,000
Page 11
12. CALCULATING TDS
Special On September 1, 201X, XYZ Ltd. Decided to extend further work to Mr. X for
Case which the payment would be:
Fact 1 September INR 10,000
October INR 10,000
November INR 10,000
Action Payments made were as follows in the month of September will be:
Fees payable TDS PAYABLE
Invoice amount INR 10,000 INR 1,000 INR 9,000
TDS Recovered June INR 1,000
July INR 500
August INR 1,000 INR (2,500)
INR 6,500
Page 12
13. WHEN IS THE DUE DATE FOR PAYMENT OF TDS
April
DUE DATE FOR PAYMENT TO THE May
June
July
August 7th of the month immediately following
GOVERNMENT
September the month of payment or credit, whichever is
October earlier (as applicable)
November
December
January
February
Transactions up March 31
to March 30 of the same month
Transactions of May 31
March 31 of the immediately following
Page 13
14. FILING RETURNS OF TDS
Other Other
If you are a Salary payments to a payments to a
Resident Non-Resident
Company
OR
Form 27Q in
Person whose books are required Form 24Q in Form 26Q in
Electronic
to be audited in immediately Electronic Electronic
format
preceding u/s 44AB format format
+
OR + +
Number of Deductees in any Form 27A
Form 27A Form 27A
quarter return of immediately (Quarterly)
preceding year exceed 20
Form 27Q
Any other person Form 24Q Form 26Q
(Quarterly)
Due Date
April – June, July – September, 15 days from last day of each quarter
October – December
Due Date
31 May immediately following
January – March
Page 14
15. CONSEQUENCES OF DEFAULTING ON TDS
DEFAULT EFFECT
The expenditure for which TDS to be deducted
gets DISALLOWED for Income taxes
Non deduction +
Penal interest @1.5% for every month up to date of deduction
The expenditure for which TDS deducted but not paid
Non payment
gets DISALLOWED for Income taxes us 40a
The amount short deducted is
Less deduction
required to be paid along with penalty
Penal interest @1.5% for every month
Late Payment
from date of deduction to the date of payment.
Page 15
16. Disclaimer
The contents of this document are solely for informational purpose. It
does not constitute professional advice or a formal recommendation.
While due care has been taken in preparing this document, the
existence of mistakes and omissions herein is not ruled out. Neither the
author nor Prequate Mindworks and its affiliates accepts any liabilities
for any loss or damage of any kind arising out of any inaccurate or
incomplete information in this document nor for any actions taken in
reliance thereon. No part of this document should be distributed or
copied (except for personal, non‐commercial use).
Page 16
17. Get in touch
Pradyumna Nag Rakesh Bordia Rishabh Pahariya
Director Director Director
+91 988 63 44 590 +91 988 63 87 858 +91 988 68 21 280
nag@prequate.in bordia@prequate.in rishabh@prequate.in
Prequate Consultants Private Limited
11/2, 3 Cross, Wilson Garden
Bangalore – 560 027
+9180 22 22 50 40
Page 17