Understanding TDS Under Section 194A Understanding TDS Under Section 194A Section 194A of the Income Tax Act governs the deduction of TDS (Tax Deducted at Source) on interest income other than interest on securities. It plays a significant role in ensuring timely tax collection and compliance with tax laws. In this detailed guide, we will … Read more
Section 194J – TDS on Fees for Professional or Technical Services Section 194J – TDS on Fees for Professional or Technical Services One of the most important and common types of payments that a business entity makes is towards professional fees or fees for technical services. Some examples of professional fees are fees paid to … Read more
TDS on Payments to Contractors TDS on Payments to Contractors Section 194C of the Income Tax Act, 1961, governs the Tax Deducted at Source (TDS) on payments made to contractors for carrying out specific types of work or for supplying labor. TDS on Payments to Contractors This section ensures that tax is collected at the … Read more
GST TDS Now Applicable on Metal Scrap Supplies GST TDS Now Applicable on Metal Scrap Supplies The Goods and Services Tax (GST) regime, now in its eighth year of implementation, continues to evolve with new updates aimed at enhancing compliance and reducing tax evasion. One of the latest and most significant changes was introduced by … Read more
194I and Section 194IB of the Income Tax Act 194I and Section 194IB of the Income Tax Act Tax Deducted at Source (TDS) is a crucial mechanism in India’s Income Tax framework to ensure tax collection at the time of payment. When it comes to rent payments, Sections 194I and 194IB of the Income Tax … Read more
