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Section 194Q Of Income Tax Act: Applicability, TDS Rate, Example, Turnover Limit
Section 194Q was, hence, newly introduced in the Income Tax Act through the Finance Act of 2021 and is effective starting July 1, 2021,...

PRITI SIRDESHMUKH
May 145 min read


TDS Provisions: All about Tax Deducted at Source, Meaning, Payment, Return Filing, and Due Dates
Tax Deducted at Source (TDS) is a significant component of the Indian tax system. It mandates that a portion of tax be deducted at the...

Asharam Swain
May 1416 min read


Section 194DA and 194D of the Income Tax Act
The Income Tax Act of India outlines specific tax provisions regarding TDS (Tax Deducted at Source) on insurance-related payments under...

Rajesh Kumar Kar
May 138 min read


A Comprehensive Guide on AIS and TIS in Income Tax
For many people, filing their income taxes is a rather difficult task. To file an accurate and compliant return and avert any prospective...

Indrajeet Sharma
May 1310 min read


Perquisites: Meaning, Types, Taxability and Exemption
In today’s competitive job market, compensation extends beyond a mere paycheck. Employers increasingly recognize the importance of...
Farheen Mukadam
May 139 min read
Section 194IA TDS rules for property transactions and how they affect capital gains tax
Section 194IA of the Income Tax Act, 1961, governs the tax deducted at source (TDS) on property transactions involving immovable...

Rajesh Kumar Kar
May 139 min read
How to retrieve lost Form 16B from TRACES portal and verify its authenticity online
Form 16B is a crucial document for property sellers in India, as it serves as proof of TDS (Tax Deducted at Source) on property sales...

PRITI SIRDESHMUKH
May 1310 min read
TDS threshold limit under Section 194H and Form 16B issuance timeline for FY 2024-25
The TDS threshold limit under Section 194H , which governs the deduction of TDS on commission or brokerage payments, has seen...

Nimisha Panda
May 138 min read


Section 194C: TDS on Payments to Contractors
Section 194C of the Income Tax Act, 1961, is a pivotal provision that governs the deduction of Tax Deducted at Source (TDS) on payments...

Asharam Swain
May 1310 min read


IT Declaration: What is Income Tax Declaration (ITD)?
The IT declaration is a formal statement sent by the employees to their employer, specifying the investments and deductible expenses for...

Indrajeet Sharma
May 1313 min read
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