Guides on TDS
Learn about e-tax payment & challan correction, etc. using the OLTAS service of the Income Tax Department in this comprehensive guide by H&R Block.
For interest earned from investments in securities, TDS must be deducted . Read this section on Section 193 to learn about TDS on securities.
If you are paying rent more than Rs 50,000 every month, you are required to deduct tax from the rental payment and deposit to the government's account as per the provisions of section 194-IB of the Income Tax Act, 1961. Read this comprehensive guide by H&R Block India to know more.
Section 195 provides provision to deduct TDS from payments or transactions made to non-residents according to the tax rates provided by the Income Tax Department. Read this guide by H&R Block India to find out more.
With the exception of individuals paying rent, anyone paying rent exceeding a specified amount has to deduct TDS under section 194I. Read this guide by H&R Block India on the TDS applicable under section 194I.
The new section 234E is inserted by the Income Tax Department where a person fails to file the TDS/TCS return on or before the prescribed due dates as per Income Tax Act. Read this guide by H&R Block India to know more about penalties under section 234E.
Section 194J of Income Tax Act deals with deducting TDS on professional or technical fees for any payment made to the person providing such services. In this guide know at which rate TDS is to be deducted when it is to be deposited and what are the consequences of Non- Filing and Non- deduction of TDS.
It is common practice to transfer immovable property to another. However, when such transactions occur, they are liable to tax. Read this guide by H&R Block India to know more about the applicable taxes under section 194IA.