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
Understanding Section 194A and Forms 15G & 15H Understanding Section 194A and Forms 15G & 15H Managing your finances goes beyond just earning and saving — it involves effective tax planning as well. For many individuals, interest earned from fixed deposits, recurring deposits, and other savings instruments forms a significant part of their income. But … Read more
TDS Section 194T TDS Section 194T The Finance (No. 2) Bill, 2024, has introduced significant changes in the taxation landscape with the introduction of Section 194T. This provision mandates Tax Deduction at Source (TDS) on payments made to partners by firms, including Limited Liability Partnerships (LLPs). Effective from the financial year 2024-25, this new regulation … Read more
Latest Update Changes in TDS Rates in Budget 2024 Latest Update Changes in TDS Rates in Budget 2024 The Union Budget 2024 introduced several changes aimed at simplifying tax compliance, particularly in the area of Tax Deducted at Source (TDS). These changes are expected to reduce the financial burden on individuals and businesses while improving … Read more
Reason of not Refund TDS Amount Reason of not Refund TDS Amount Reason of not Refund TDS Amount Tax Deducted at Source (TDS) refers to the amount deducted from an individual’s income, such as salary, interest from bank accounts, rent, etc., before the taxpayer receives it. If the total TDS deducted is greater than the … Read more
