Question
The rate of Tax Deducted at Source (TDS) on payments of
professional fees to a resident individual (if PAN is furnished) under Section 194J is generally:Solution
Generally, TDS on professional fees under Section 194J is 10%. (A lower rate of 2% applies to certain categories like technical services or royalty in the nature of industrial/scientific equipment)
Consider the following with reference to the International Swaps and Derivatives Association (ISDA).
1) The ISDA is a trade association for the o...
Identify the incorrect statement from the below:
1.Future contracts are tailor made contract.
2.Future contracts are subject to M2M settle...
Crystallisation of outstanding Foreign currency liability into rupee liability, in case of non realisation of export bill, is to be done at ________
Form 26AS provides which of the following details to a taxpayer?
In 2023-24 (FY24), how much worth of sovereign gold bonds (SGBs) did the Reserve Bank of India sell, marking the highest-ever response to the instrument...
A retail investor with a moderate risk tolerance is looking to diversify their investment portfolio and gain exposure to the stock market. They are inte...
Which of the following statements best describes the relationship between the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 , and t...
Rural youth belonging to poor families are identified and trained for Self-employment in RSETIs. What does the “E” stand for in RSETIs?
Which account in the BOP includes transactions related to currently produced goods and services?
In preparing performance appraisals, the sales manager ranked Aniket as the overall best salesperson because he had the highest level of sales, and Ami...
