Tax Deducted at Source, commonly referred to as TDS, is a system designed to ensure timely and efficient tax collection by deducting a specified percentage […]
TDS
Mastering Section 194Q: Practical Guide to TDS on Payments for Purchase of Goods
Section 194Q mandates that any buyer who purchases goods from a resident seller must deduct TDS on the purchase amount if certain thresholds are crossed. […]
Demystifying TDS on Interest from Securities: From Basics to Practical Mastery
Tax Deduction at Source on interest from securities is a concept that affects many investors without them fully realizing its impact. Interest income might seem […]
NBFC Not Required to Deduct TDS on Interest Income Credited from Acquired Portfolio of Another Company
The taxation of interest income in financial transactions often leads to complex interpretations, especially when it comes to the obligation of deducting tax at source. […]
Understanding TDS and Its Importance for Salaried Employees
Tax Deducted at Source (TDS) is a system introduced by the government to collect income tax at the very source of income. Employers deduct tax […]
Introduction to Tax Deduction at Source (TDS)
Tax Deduction at Source, commonly referred to as TDS, is a mechanism implemented by tax authorities to collect tax at the very point income is […]
Demystifying Section 194R: TDS on Employee Benefits and Perks
The Indian tax system has undergone several transformations over the years, with the introduction of new sections and provisions to keep pace with evolving economic […]
Supreme Court Rules Against Section 271C Penalty for Delayed or Missed TDS Payments
In the intricate and labyrinthine world of taxation in India, adherence to tax deduction at source (TDS) provisions forms a fundamental pillar for both corporate […]
Navigating TDS Deduction under Section 194Q: How to Calculate It Accurately
In the intricate web of India’s tax structure, the provisions laid out under Section 194Q of the Income Tax Act hold considerable importance, especially for […]
SC Ruling: No TDS Under Section 194H for Franchisee Earnings from Prepaid Coupons and Starter Kits
Section 194H of the Income Tax Act, 1961, is an essential provision in India’s tax regime that mandates the deduction of tax at source (TDS) […]