Section 194R of the Income-tax Act was introduced to widen the scope of tax deduction at source by making the provider of a benefit or […]
TDS
A Comprehensive Guide to TDS Deduction under Section 194J
Tax Deducted at Source under Section 194J of the Income-tax Act applies to specific types of payments made to resident persons. The provision ensures that […]
Understanding TDS Deductions: Sections 192 to 194DA Explained
Tax Deduction at Source (TDS) is a mechanism under the Income Tax Act whereby the payer of specified income deducts tax at the time of […]
TDS Under Section 194T: Tax Deduction on Partner Payments Explained
Section 194T has been introduced to ensure tax deduction at source on certain payments made by firms to their partners. Previously, there was no requirement […]
Section 195 Explained: TDS on Payments to Non-Residents
Section 195 of the Income Tax Act is a provision designed to ensure that tax is collected at the source from payments made to non-residents […]
Taxation of Online Gaming Winnings in India: Income Tax & TDS Explained
The online gaming industry in India has witnessed exponential growth in recent years, attracting significant investments from both domestic and international companies. With the widespread […]
Understanding TDS on Goods Purchase Payments under Section 194Q
Section 194Q of the Income Tax Act, 1961, was introduced to widen the tax base by covering high-value transactions in goods. It was inserted with […]
Section 194R Explained: TDS on Business Benefits and Perquisites
Section 194R of the Income Tax Act introduces a provision regarding the deduction of tax at source (TDS) on any benefit or perquisite provided to […]
Understanding Section 194R: TDS on Benefits or Perquisites Explained
Section 194R of the Income-tax Act was introduced to bring within the tax net non-monetary or in-kind benefits or perquisites provided to business professionals or […]
Understanding TDS Under Section 194T for Partner Remuneration
Section 194T is a newly introduced provision under the Income-tax Act, which imposes an obligation on partnership firms and LLPs to deduct tax at source […]