Section 194H: TDS on Commission Income

According to Section 194H of the Income Tax Act, TDS on commission income is needed to be deducted by every person who is making the payment of such commission or brokerage.  DEDUCTOR To serve the purposes of section 194H, a deductor makes the payment in the form of...

Section 197: TDS Exemption Certificate

Introduction Section 197 of the Income Tax Act, 1961 provides for the facility of NIL or Lower tax rate deduction of TDS (or TDS exemption). This section strikes a delicate balance between the requirement of cash flow to the taxpayer and realizing the government dues...

Section 194C: TDS on Payment of Contractor

TDS on the contract is needed to be reduced during making any payment by the individual who is making the payment for the contract. Under Section 194C of Income-tax which manages any TDS on payment of contractor & Sub-Contractor. Section 194C: TDS on Contract If...

Return on Investments without TDS

Introduction: It is not mandatory that all financial instruments deduct TDS (Tax Deducted at Source). There are certain investments where there is no TDS deduction as mentioned below with a detailed and precise comparison. Investments without TDS: 1. Investments in...

Form 27Q: TDS return for NRI

Table of Contents Education CessSurchargePayment to non-residents Payment for foreign companiesDocuments required Introduction Non-Resident Indian (NRI) is controlled by the residential status of the individual under the income tax. We have to check the essential and...

Section 192: TDS on Salary Income

For Indian employers paying salaries to employees with revenue tax applicable, the deduction at source (TDS) or TDS at salary is mandatory. The employer shall deduct the applicable income-tax on the employee’s total earnings and deposit the same with the...