TDS

Section 194LBB of Income Tax Act 1961 – Payment of Certain specified income to a unitholder of units in an investment fund  Section  194LBB  Particulars Income in respect of units of investment fund  Type of business Individual, resident Introduction to Section 194LBB of Income Tax Act Section 194LBB of the Income Tax Act, 1961 (hereinafter … Read more

Section 194O Of Income Tax Act 1961 – Payment made to a Resident for the sale of goods or provision of services by an e-commerce operator through its digital or electronic facility or platform.  Section  194O Particulars Payment of certain sums by e-commerce operators to e-commerce participant  Type of business E-commerce operator and associated person Introduction to … Read more

Section 194LD of Income Tax Act – Payment of interest on bond {rupee-denominated} to FII or a QFI to a Non Resident or Foreign Company  Section  194LD  Particulars Income by way of interest on certain bonds and Government securities  Type of business Individual Introduction to Section 194LD of Income Tax Act Section 194LD of the Income … Read more

Section 194Q of Income Tax Act 1961 – Payments to a Resident for the purchase of goods.  Section  194Q  Particulars TDS on Purchase of Goods  Type of business  All Introduction to Section 194Q of Income Tax Act Section 194Q of the Income Tax Act, 1961 (hereinafter referred to as the “Act”) specifies that every buyer at the … Read more

Section 194IA of Income Tax Act – Payment in consideration of transfer of certain immovable property other than agricultural land to a Resident  Section 194IA Particulars TDS from the sum paid to buy an Immovable Property other than Agricultural Land  Type of business  All Introduction to Section 194IA Section 194IA of the Income Tax Act, … Read more

Chapter XVII-B of the Income Tax Act, 1961, (hereinafter referred to as the “Act”) contains provisions which lay down the guidelines with respect to the concept of Tax Deduction at Source, i.e. TDS. It lists down the nature of transactions for which tax is to be deducted at source by the payer, before making the … Read more

Section 194M of Income Tax Act – TDS from Payment to Contractors or Professionals by Certain Individuals or HUFs Serial No. Contents 1. Introduction to Section 194M 2. Who can deduct TDS under Section 194M? 3. Who are liable for deduction under Section 194M ? 4. What are the types of payment covered under the … Read more

Section 194A of Income Tax Act – TDS on Income from Interest, other than interest on Securities Serial No. Contents 1. Introduction on Section 194A of Income Tax Act 2. Who is liable to deduct TDS under Section 194A ? 3. When is TDS deducted under Section 194A ? 4. Can TDS be deducted at … Read more

Section 194K of Income Tax Act – TDS on Income from Mutual Funds Units Serial No. Contents 1. Introduction of Section 194K of Income Tax Act 2. Purpose of Section 194K of Income Tax Act, 1961 3. Types of Income from Mutual Funds 4. Who is liable to deduct TDS u/s 194K ? 5. TDS … Read more