TAX DEDUCTED AT SOURCE. The Allottee/s is aware that the Allottee/s has/have to deduct the applicable Tax Deduction at Source (TDS) at the time of making of actual payment or credit of such sum to the account of the Developer, whichever is earlier as per section 194IA in the Income Tax Act, 1961. Further, the Allottee/s shall submit the original TDS certificate within the prescribed timelines mentioned in the Income Tax Act, 1961.
TAX DEDUCTED AT SOURCE. (TDS): TDS on GST @ 2% or as applicable from time to time will be deducted on the taxable value for the private agencies. TDS under GST will not be deducted in respect of the supply of Goods and Services of both from Public Sector Undertaking (i.e) any company in which not less than 51% of paid up share capital held by the Central Govt. or by any State Govt. Or Governments or partly by the Central Govt. and partly by one or more State Govt. and includes the company which is subsidiary of such a Government company.
TAX DEDUCTED AT SOURCE. (TDS): While making each Payment, the Allottee, if applicable, shall deduct TDS under section 194-IA of the Income Tax Act, 1961 @1% (or any amendment thereof) on the instalment amount being paid and deposit the same TDS Certificate with the developer. Where the Allottee pays the Developer after deducting the TDS but fails to deposit TDS amount with the Central Government the Allottee shall be deemed to be Defaulter Allottee under the Clause 6 of this GTC.
TAX DEDUCTED AT SOURCE. The Allottee/s is aware that the Allottee/s has/have to deduct the applicable Tax Deduction at Source (TDS) at the time of making of actual payment or credit of such sum to the account of the Developer, whichever is earlier as per section 194IA in the Income Tax Act, 1961. Further, the Allottee/s shall submit the original TDS certificate within the prescribed timelines mentioned in the Income Tax Act, 1961.If the Allottee/s fails to comply with the same and any financial liability/loss is incurred by the Developer for such non-compliance, the Allottee/s shall be liable to compensate the Developer for such loss and the same shall be adjusted from the next installment due from the Allottee/s.
TAX DEDUCTED AT SOURCE. It is agreed that the tax deduction at source (TDS) under the Income Tax laws, if applicable, shall be deducted by the Allottee(s) on the consideration payable to the Owner and the same shall be deposited by the Allottee to the concerned authority within the time period stipulated under law and the Allottee(s) shall provide proper evidence thereof to the Owner within 30 (thirty) days of such deduction. If such deposit of TDS is not made by the Allottee(s) to the concerned authority or proper evidence thereof is not provided to the Owner, then the same shall be treated as default on the part of the Allottee under the agreement and the amount thereof shall be treated as outstanding.
TAX DEDUCTED AT SOURCE. (TDS) Wherever applicable, taxes shall be deducted at source from the Service Fee and other costs by DoT at the rates applicable for each of the above in accordance with the relevant Sections of the Income Tax Act.
TAX DEDUCTED AT SOURCE. The Purchaser(s) is aware that the Purchaser(s) has/ have to deduct the applicable Tax Deduction at Source (TDS) at the time of making of actual payment or credit of such sum to the account of the Owner/Developer, whichever is earlier as per section 194IA in the Income Tax Act, 1961. Further, the Purchaser(s) shall submit the original TDS certificate within the prescribed timelines mentioned in the Income Tax Act, 1961. In case TDS is not paid or certificate is not provided as per timelines then interest would be levied at 2% p.m. till the date of default.
TAX DEDUCTED AT SOURCE. The Purchaser/s is aware that the Purchaser/s has/have to deduct the applicable Tax Deduction at Source (TDS) at the time of making of actual payment or credit of such sum to the account of the Developer, whichever is earlier as per section 194IA in the Income Tax Act, 1961. Further, the Purchaser/s shall submit the original TDS certificate within the prescribed timelines mentioned in the Income Tax Act, 1961.
TAX DEDUCTED AT SOURCE. (TDS): All tax liability arising out of your remuneration and other facilities will be deducted from your own remuneration as per the prevailing laws of Nepal.
TAX DEDUCTED AT SOURCE. (TDS) & other surcharges (any other taxes levied by the State Government and Central Government) will be deducted from the commission of the agent at the time of making any payment to the agent towards commission. Tax Deducted at Source (TDS) Certificate will be issued to the agent accordingly.
