Section 197 Certificate: Lower Deduction Certificate (LDC)

Section 197 Certificate: Lower Deduction Certificate (LDC) The Section 197 Certificate, often called the Lower Deduction Certificate (LDC), is a significant provision under the Income Tax Act. It enables taxpayers to benefit from a Nil or reduced Rate of Tax…

Section 194Q TDS of the Income Tax: Applicability, TDS Rate, Due Date

Section 194Q TDS of the Income Tax: Applicability, TDS Rate, Due Date   The Central Board of Direct Taxes (CBDT) introduced Section 194Q of the Income Tax Act, which is related to TDS (Tax Deduction at Source), specifically on purchasing goods. A…

Section 194R TDS of the Income Tax Act

Section 194R TDS of the Income Tax Act Section 194R, introduced in the Union Budget of 2022, is a significant addition to the Income Tax Act 1961. This section deals with Tax Deducted at Source (TDS) on benefits and perquisites…

TDS on Salary under Section 192 – Rates, Forms, & Calculation

TDS on Salary under Section 192 - Rates, Forms, & Calculation TDS (Tax Deduction at Source) on Salary is the amount deducted from an employee's income at the source by an authorized deductor and deposited to the Income tax department.…