Web10 apr. 2024 · Section 194M of the Income Tax Act, 1961, mandates TDS on payment made under specified agreements. It is applicable to any person, other than an individual or HUF, responsible for paying any sum to a resident for carrying out any work in pursuance of a contract, or by way of fees for professional services. The TDS rate is 5%, and the TDS … Web16 feb. 2024 · In HUF, the income generated belongs to the whole family, instead of a specific individual. Thus, this income is then taxed in the hands of the HUF. Naturally, …
How to avoid TDS on dividends from equity shares, mutual funds?
Web28,000). In this case, entire amount of Rs. 53,000 will be charged to tax in the hands of Mr. Raja. Tax treatment of immovable property received as gift by an individual or HUF If the following conditions are satisfied than immovable property received without consideration by an individual or HUF will be charged to tax: Web21 jul. 2024 · An HUF means Hindu Undivided Family. Hindu Undivided Family consists of all persons lineally descended from a common ancestor and includes their wives and … psychology internships dallas tx
TAX TREATMENT OF GIFTS RECEIVED BY AN INDIVIDUAL OR HUF
Web26 nov. 2008 · HUF is the sum of all ancestral property that you acquire by virtue of being born in that family. Benefits. Your question is not clear. Message likes : 1 times Previous Next You need to be the querist or approved CAclub expert to take part in this query . Click here to login now Similar Resolved Queries Web3 feb. 2024 · Income Tax Filing. Partition of HUF. Last updated on February 3rd, 2024. Hindu Undivided Family, commonly known as HUF is a separate entity from its members … Web531 Likes, 6 Comments - Tax Waala (@tax_consultant1) on Instagram: "Natural Persons means Individuals only . . Whereas, Artificial means Individuals,Huf, Company,Soc ... psychology internships cincinnati