Published Aug 2, 2022
2 mins read
457 words
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Payment To Non Resident Sports Person Or Association

Published Aug 2, 2022
2 mins read
457 words

Hey blogger am new to this candlemonk please do read my blog and give a like.
Applicable for payments made to non residence sports man or Association no there sold limit participation income advertisement contribution to article qualify applicable for maturity proceed of NSS not applicable if the payment is made to legal higher after death of depositor Commission on sale of Lottery ticket that they sold limit has been changed to 50000 rate of deduction is 5% applicable for all SSC accepted individuals and whose gross turnover does not exceed 1 crore or 50 lakh is there preceding year Commission or brokerage includes any payment made to a person who has acted on behalf of another person in rendering service or in the course of buying and selling good tax need not be derected if the total Commission or brokerage does not exit 50000 rate of reaction 5% days for land building furniture fitting 10% of Race for plant and machinery and equipment is 2% if there are joint owners of the Asset there then the holder will be for every individual Hona this is applicable for all SSC business SSC in other words even the person not caring on business or profession need to be applied with the provision transfer of certain immovable property other than agricultural land comes under this and it is also applicable in the case of Transfer of emovable Property other than agriculture land and it is also applicable only if the total consideration exceeds 50 lakh tax to be deducted at the rate of 1 percentage of the total consideration this provision will not be applicable for compulsory acquisition for ensuring for of Administration SSC it need not be obtained it is enough if tax is remitted within 7 days from the end of the month of detection by salan applicable for individuals whose brass turnover is less than 1 crore or agros recipes less than 15 lakh and also for individual for not carrying on any business or profession applicable if the rent per month exceed 50000 this is comes under rent of SSC not covered under section 194 tax liable to be deducted in the last month of the year or last month of 10 and C which a very clearly is not liable to obtain the total tax detected should be exceed the minimum amount and maximum amount of rent pay able for the last month applicable for all except individual whose cross on our does not exceed one crore or grocery does not exceed 50 lakh.
Hope my blog was very useful to gain knowledge on tax. Thank you for reading my blog by spending your time thank you see you soon with another informational blogs.
 

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sheetal.thakur 8/2/22, 11:44 AM
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sheetal.thakur 8/2/22, 11:44 AM
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