Post by: Chris John in Government Initiatives Income Tax
Section 194A: TDS on Interest Section 194A is a provision of the Income Tax Act which deals with TDS for interests on loans, advances and fixed deposits. To collect taxes in a time-saving and cost-effective manner, the Government of India…
Post by: Renu Suresh in Income Tax Personal Finance
Section 194BB - Income Tax Section 194BB is a provision in the Income Tax legislation which provides a deduction on any income generated from winning a horse race. In a horse race, the winner of the race, i.e. the jockeys,…
Post by: Sreeram Viswanath in Compliance Income Tax
E-Payment of TDS The deductor of tax at source is responsible to remit the necessary TDS payments to the Government, on or before the due date, which should be reckoned as per the provisions of the Income Tax Act. This…
Post by: Rasika in Government Initiatives Income Tax
Form 16B - TDS Certificate for Sale of Property Form 16B is a TDS Certificate which certifies the amount of tax deducted at source on a property purchase has been deposited by the buyer with the Income Tax department. Hence,…
Post by: Sreeram Viswanath in Government Initiatives Income Tax
TDS on Insurance Commission The purpose of the present article is to provide an overview of Section 194D. The section deals with TDS on insurance commission. Person Responsible for Deducting Tax Deduction of tax must be performed by a person…
Post by: Sreeram Viswanath in Compliance Income Tax
TDS on Commission and Brokerage Section 194H of the Income Tax Act deals with TDS and its scope in terms of commission and brokerage. The purpose of the present article is to explain the provisions of Section 194H. What are…
Post by: Sreeram Viswanath in Government Initiatives Income Tax
TDS on Contractor Payment This article is an overview of Section 194C, which deals with TDS on payment of works made to a contractor or sub-contractor. Definition of Contractor Provisions of Section 194C relating to TDS on payment to contractors/sub-contractors…
Post by: Sreeram Viswanath in Government Initiatives Income Tax
TDS on Professional and Technical Services This article provides a summary of the applicability of TDS in relation to professional and technical services, which comes under Section 194J of the Income Tax Act. Professional Services Professional services refer to the…
Post by: IndiaFilings in Government Initiatives Income Tax
TDS on Bank Deposit and Interest Interest income earned from bank deposits and other types of securities are taxable under the Income Tax Act. Hence, banks or financial institutions paying interest are required to deduct TDS at the rate of…
