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TDS on foreign remittances under Section 195 vs TDS on commission payments under Section 194H
The Income Tax Act, 1961, lays out several provisions regarding the deduction of tax at source (TDS), aimed at ensuring that tax is...

Nimisha Panda
May 1511 min read


Section 194H: TDS on Commission and Brokerage
Section 194H of the Income Tax Act is a crucial provision that governs the deduction of tax at source (TDS) on commission or brokerage...
Farheen Mukadam
May 159 min read


Section 194R of Income Tax Act: Purpose, Applicability, and TDS Compliance
Section 194R of the Income Tax Act mandates the deduction of tax at source (TDS) on any benefits or perquisites provided in the course of...

Indrajeet Sharma
May 1411 min read


Challan ITNS 281: How Employers Pay TDS to the Government
Employers utilise TDS Challan 281 to submit tax deducted at source (TDS) on employee salaries to the government. It is used when an...

Rashmita Choudhary
May 147 min read


Salary Slip: Meaning, Format, Components and Importance
Imagine that you have finally landed your dream job, and you are waiting for your first paycheck. When your check arrives, it will be...

Rashmita Choudhary
May 1411 min read


Form 26Q: How to File TDS Return for Non Salary Deductions?
Form 26Q is an essential document for businesses and entities that deduct Tax Deducted at Source (TDS) on payments other than salaries....

Nimisha Panda
May 1411 min read


Section 195 of Income Tax Act -payments made to non-residents and TDS Rate
The government uses a technique known as "tax deducted at source," or TDS, to collect taxes from taxpayers. Under TDS, the payer is...

Asharam Swain
May 148 min read


Form 3CD: Overview and Applicability in Tax Audits
Form 3CD is a key component of the tax audit process, offering a structured format for reporting a taxpayer’s financial information. As...

Indrajeet Sharma
May 147 min read


Form 49B: How to Download and Fill TAN Application Form?
Section 203A of the Income Tax Act, 1961 mandates that individuals or entities eligible to deduct tax at source apply for a Tax Deduction...

Indrajeet Sharma
May 148 min read


Notice against demand under section 156 of the Income Tax Act,1961
The official document, issued by the Assessing Officer , signifies that you have a tax liability, whether it's due to tax assessments,...

Dipali Waghmode
May 148 min read
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