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TMI Blogwhat is with holding taxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, 1. What is with holding tax? 2. How are the rates of taxes applied under DTAA. 3 .How is the Taxable turnover determined for income tax purposes. - Reply By Mukesh Kumar - The Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y = Withholding Tax is nothing but a tax which is deducted at source by the person making payment to other party. In general this term is used for overseas payment where the person making payment is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... required to deduct tds u/s 195 of the income tax. Since the provisions of DTAA notified in pursuance of power u/s 90 have overriding effect it is prescribed that most beneficial provisions are applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble for the purpose of taxation. Therefore, to apply the provisions of DTAA, it is required to understand the DTAA as a whole, the scope of DTAA and nature of income subject to DTAA than only one c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an apply the provisions of DTAA correctly. 'Taxable Turnover' is a general term which is found under section 44AB read with section 145A of the Income Tax Act. But, before that, general account prin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cipals to be applied to determine the taxable turnover of the business. - what is with holding tax - Query Started By: - RAJAT BAJPAI Dated:- 31-8-2010 Income Tax - Got 1 Reply - Income Tax - Discu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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