TDS Course Online - TDS on Payments to Indian Residents
TDS Course Online – TDS on Payments to Indian Resident
TDS Course by CA Arinjay Jain is a detailed online course recorded in January 2023. Tax Deducted at Source, is one of the most commonly dealt with aspects of Income Tax in India, and our course has various topics relating to the deduction of TDS by payors to Indian residents. Our online course includes an in-depth analysis of TDS regulations, TDS rates under various Sections, TDS return filing, issuance of TDS certificates, TDS penalties, and more. This Course is one of its kind, with comprehensive study material supplemented with case studies and examples that will help the learner in practical applications of TDS law. For instance, see this video on TDS on catering services – Section 194C of the Income Tax Act 1961. Further, if you have any queries you can write to us on contact@sortingtax.com
| Type | Recorded Lectures (December 2022) |
| Language | English |
| Validity | 30 Days |
| Course Material | Videos and Presentations |
This course covers the following aspects of TDS: –
What is TDS?
TDS or Tax Deducted at Source, is a direct tax that is collected by the person making payment to the recipient, for the benefit of the Government. The deductor deposits the TDS at various rates and deposits it with the Government on behalf of the recipient. The Course covers when a deductor must deduct TDS, deposit it with the Government, and provide credit to the recipient upon filing a TDS return.
Why do we need to deduct TDS?
- Tax compliance: To avoid penalties and fines for non-compliance, individuals and organizations should understand TDS rules and regulations
- Filing TDS returns: TDS law understanding helps in the accurate filing of TDS returns.
- Payment of right tax – Knowledge of TDS helps ascertain payment of additional amount as taxes to meet tax liabilities or claim refund, in case of excess deduction of TDS
- Tax liability: Understanding TDS helps in determining the tax liability of an individual or organization and in ensuring that the correct amount of tax is paid.
Purpose of Online Course relating to the Deduction of TDS
The purpose of this course is to provide a comprehensive understanding of the Indian TDS system. The aim of the course is to help individuals and organizations understand the rules, regulations, and procedures related to TDS. This shall help them plan their compliances and tax liabilities accordingly.
The Course covers the following topics :
TDS Course Syllabus
- Deduction of TDS from interest on securities – Section 193
- When is tax required to be deducted from TDS from interest on securities under section 193 ?
- Rate of TDS from interest on securities u/s 193
- Minimum threshold for deduction of TDS from interest on securities u/s 193
- Which payments do not require tax deduction u/s 193
- Meaning of “ Interest on Securities”
- TDS on dividend – Section 194
- When is tax required to be deducted from dividend under section 194 ?
- Rate of TDS on dividend u/s 194
- Which dividend payments are exempt from tax deduction u/s 194?
- Winnings from lottery, crossword puzzle, card game, etc. – Section 194b
- Payments on which TDS has to be deducted u/s 194b?
- Rate and time of deduction of TDS under section 194b
- Applicability of TDS u/s 194b on unsold lottery tickets
- TDS on winning section 194b – From game show by a resident – Case 1
- TDS on winning section 194b – From game show by a resident – Case 2
- TDS on winning section 194b – Partly in cash and partly in kind
- TDS on winnings section 194b – Winnings wholly in kind
- TDS on winnings section 194b – Unsold lottery tickets
- TDS on payments to contractors – Section 194C
- Rate and timing to deduct tax under section 194c?
- Example – Effect of section 194c on advance payment and TDS
- Specified person responsible to deduct TDS under section 194c
- Threshold for deduction of TDS under section 194C
- Example – Threshold for deduction of TDS under section 194c
- How to determine threshold where payment made for several contracts
- Non applicability of TDS on GST component of invoice
- Applicability on Individuals/ HUF
- General provisions
- Meaning of work as defined under section 194C
- Meaning of work contracts under section 194C
- Which type of work contracts are outside the purview of Section 194c
- Applicability of section 194c on contractor engaged in plying, hiring or leasing goods carriages
- Important clarification from CBDT on section 194c
- Impact of important clarification from CBDT on section 194c
- Impact of circular no 715 from CBDT on section 194c
- Different case laws on the basis of section 194c: Hotel industry
- Different case laws on the basis of section 194c: Transportation industry
- Different case laws on the basis of section 194c – Airline industry
- Different case laws on the basis of section 194c- Shipping
- Impact of circular no 1/2008 dated 10.01.2008 on section 194c
- Deduction of TDS where goods are manufactured as per the specifications of customer, material provided by customer
- Payment to an individual Non-resident contractor
- Payment to an individual resident contractor
- Payment for parking space – TDS u/s 194c ?
- Non-applicability of section 194c on rendering of services for procurement of orders
- Applicability of section 194c on advertisement contract
- Payment for courier charges – TDS u/s 194c ?
- Applicability of section 194c on payment made to travel agent
- Applicability of section 194c – Sponsorship of seminar
- Payment in respect of insurance policy – u/s 194da
- Important aspects of section 194da
- Parties involved in transaction
- Payment in respect of life insurance
- Which payments are exempt from tax deduction under section 194da
- Which payments are not exempt under section 10(10d)
- Rate of TDS u/s 194da
- Section 194E – Payment to Non-Resident Sportsmen or Sports Associations or Entertainer
- What you should know about Section 194E?
- Parties involved in transaction
- Timing and Rate of deduction of TDS
- Rate of deduction of TDS and minimum threshold under section 194E
- Section 194E – Income earned by Non-resident sportsman
- Payment to sports association or entertainer section 194E:-
- Non applicability of section 194E on payment made to umpire
- Applicability of section 194E on payment made to entertainer
- TDS on Commission, etc. on sale of lottery tickets – U/S 194G
- Key aspects of Section 194G
- Parties involved in transaction
- Provision of section 194G – Commission, etc. on sale of lottery, purchase or distribution of tickets
- Which types of payments are covered u/s 194g ?
- Minimum threshold and timing for deduction of TDS u/s 194G
- Rate of TDS u/s 194G – No surcharge or cess
- Non applicability of sec 194G on sale of lottery tickets at discount
- TDS on commission, etc. on sale of lottery tickets where payment made is excluding GST
- Applicability of section 194G where lower withholding tax certificate is obtained
- Non applicability of section 194G on tickets sold at discount
- TDS on commission and brokerage – u/s 194h
- Parties involved in transaction
- TDS deduction by individuals/ HUF u/s 194H
- What is covered as commission or brokerage ?
- Timing for deduction of TDS under section 194H
- Which payments are exempt from tax deduction under section 194H?
- Payment to banks or authorized payment system companies not covered u/s 194H?
- Rate of TDS u/s 194H – No surcharge or cess
- Section 194H – Sale of airlines ticket
- Payment made to bank (excluding foreign bank)
- Impact of CBDT Circular No. 5 on section 194H in case of advertisement procurement
- Sim card and recharge coupons distributors
- TDS on commission on booking of flights
- TDS on commission paid to an employee
- TDS on rent – U/S 194I
- Deduction of TDS under section 194I
- Meaning of “Rent” for section 194I
- Threshold for deduction of TDS under section 194I
- General provisions
- Timing and Rate of deduction of TDS u/s 194I
- No TDS on certain payments – Section 194I
- Which payments are exempt from TDS under section 194I
- Applicability of TDS where rent is paid to government
- Meaning of refundable and non-refundable deposits
- TDS on Advance rent
- Warehousing charges
- TDS on payment of rent by individual
- TDS on payment of refund of security
- TDS on payment of Passenger service fee
- TDS on fees for professional or technical services – section 194J
- Parties involved in transaction
- Applicability of Section 194-J on individuals/ HUF
- Non applicability of TDS where payment made to Non Resident
- Which payments are covered u/s 194J?
- Meaning of professional services
- Exemption from deduction of TDS u/s 194-J
- Timing to deduct tax u/s 194-J?
- Rate of TDS u/s 194J
- Case laws – Section 194J: Transmission of electricity
- Case laws – Section 194J: TPA services
- Section 194J – Payment to Retainer Director
- Services to coach manufacturer – Section 194J
- Placement charges to cable operators – Section 194J
- Non Resident paying to Resident
- TDS on professional fees paid for personal purposes u/s 194J
- Manner of applicability of threshold limit
- Rate of TDS applicable u/s 194J on payment made to umpire
- TDS on royalty u/s 194J
- Applicability of Section 194J where sum is paid for personal purposes
- TDS on payment made by third party administrator services u/s 194J
- TDS on payment of director fees u/s 194J
- TDS on consideration for transfer of immovable property (other than agricultural land) – 194IA
- Transfer of immovable property (other than agricultural land)
- Consideration includes
- Parties involved in the transaction
- Consideration for deducting TDS
- Timing of deduction of TDS u/s 194-IA
- Meaning of immovable property
- Rate of TDS u/s 194IA – Gross value
- Which payments are exempted from TDS u/s 194-IA?
- General provisions
- TDS on payment of transfer of agricultural land
- TDS on payment of transfer of immovable property (other than agricultural land)
- Deduction of TDS u/s 194-IA
- TDS on payment of rent by certain individuals or HUF – 194IB
- What you should know about Section 194-IB?
- Which payments are exempted from TDS u/s 194-IB?
- Parties involved in transaction
- Rate of TDS u/s 194-IB
- Applicability of TDS where property has been vacated during the year
- TDS on payment of rent by Resident individual
- TDS on payment of rent by Non Resident individual
- Payment under development agreement referred in Section 45 (5A) u/s 194IC
- What you should know about Section 194-IC?
- Parties involved in the transaction
- Person liable to deduct TDS under section 194IC
- Meaning of specified agreement
- Rate of TDS u/s 194-IC
- Timing of deduction u/s 194-IC
- TDS on payment under joint development agreement
- Sec 194LA – TDS on compensation for acquisition of certain immovable property
- Sec 194Q – TDS on payment of certain sum for purchase of goods
- Aspects you should know about Section 194-Q
- Parties involved in transaction
- Key aspect of Section 194Q
- Rate of TDS u/s 194Q
- Threshold for deduction of TDS u/s 194Q
- No TDS u/s 194Q
- Meaning of buyer u/s 194Q?
- How to calculate TDS under Section 194Q?
- Non-applicability of Section 194Q where buyer’s turnover does not exceed the specified limit
- Section 194Q will prevail over Section 206C (1H)
- Sec 194R – TDS on benefit or pre-requisite in respect of business or profession
- Aspects you should know about Section 194-R
- Parties involved in transaction
- Person liable to deduct TDS under Section 194R
- Rate of TDS u/s 194R
- Where no TDS is required to be deducted at source u/s 194R
- TDS where benefit is in cash and kind – Section 194R
- Applicability of Section 194R on free samples
- How to calculate TDS under section 194R?
- 30 Days Validity
- INR 499
- 399 Lessons
- 9 Trial Lessons
- Online Accessibility
