Section 194Q of the Income Tax Act: TDS on Purchase of Goods
https://youtu.be/FeH1CXwZG3w Applicability of Tax Deducted at Source (TDS) u/s 194Q on Purchase of Goods- In the Budget 2021-22, a new section...
TDS
Rs 50,000 crores liquidity through TDS/TCS rate reduction
In order to provide more funds at the disposal of the taxpayers, the rates of Tax Deduction at Source (TDS)...
Section 196 Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations.
As per Section 196: Notwithstanding anything contained in the foregoing provisions of this Chapter, no deduction of tax shall be...
Section 195A Income Payable “net of tax”
In a case other than that referred to in sub-section (1A) of section 192, where under an agreement or other...
Section 195 TDS on Payment to Non-Resident
Section 195(1) of the Income Tax Act Deductor/ Payer: Any person Deductee/ Payee: Non-Resident (not being a company) or Foreign...
Section 194N TDS on Payment of certain amounts in cash
Section 194N of the Income Tax Act Deductor/ Payer: Every person, being- a banking company including any bank or banking...
Section 194H TDS on Commission or brokerage
As per section 194H: Any person who is responsible for paying, on or after the 1st day of October, 1991...
Section 194G TDS on Commission on the sale of lottery tickets
As per section 194G: Any person who is responsible for paying, on or after the 1st day of October, 1991...
Section194EE TDS on Payments in respect of deposits under National Savings Scheme, etc.
As per section 194EE: The person responsible for paying to any person any amount referred to in clause (a) of...
Section 194E TDS on Payments to non-resident sportsmen or sports associations
As per section 194E: Where any income referred to in section 115BBA is payable to a non-resident sportsman (including an...