The compliance landscape in India’s income tax system is continually evolving, requiring taxpayers to stay informed about changes in deadlines and filing requirements. The Central […]
TDS
How to Deduct and Deposit TDS on Purchase of Goods under Income Tax Act
Section 194Q of the Income Tax Act introduced a new dimension to the mechanism of tax deduction at source by extending its applicability to certain […]
Form 27Q Explained: TDS Rates and Filing for Payments to NRIs
When Indian entities or individuals make payments to non-resident Indians (NRIs) or other non-residents, compliance with tax deduction at source (TDS) rules becomes essential. Form […]
TDS on Salary: Complete Guide to Essential Document Submission Before March 31
Tax Deducted at Source (TDS) on salary is a mechanism under the Income Tax Act where employers deduct tax from the salary payable to employees […]
How TDS Applies to Foreign Technical Service Payments under Indian Law and Tax Treaties
Cross-border service payments are a frequent occurrence in globalised business operations. When an Indian entity engages foreign service providers, the tax implications on such payments […]
TDS Payment Due Dates and Penalties: Avoiding the 3% Late Interest Trap
In the realm of taxation, precision in compliance is often as important as the amounts involved. A missed deadline by a single day can set […]
Section 194J Explained – TDS on Professional and Technical Services
Section 194J of the Income-tax Act deals with the requirement for deduction of tax at source on certain payments made to a resident. The main […]
How TDS is Deducted on Perquisites and Benefits Under Section 194R
Section 194R of the Income-tax Act, 1961 was introduced by the Finance Act, 2022 and came into effect from 1st July 2022. This provision mandates […]
Section 194J Explained: TDS Applicability, Rates, and Compliance Rules
Tax Deducted at Source, commonly known as TDS, is a mechanism introduced under the Income-tax Act, 1961 to facilitate the timely collection of tax from […]
Navigating the Challenges of Section 194IB: Tenant Perspectives on TDS Compliance
Tax Deducted at Source (TDS) is an important tax collection mechanism designed to reduce the scope for tax evasion by ensuring that taxes are collected […]
Section 194C Explained: TDS on Contractor and Subcontractor Payments
Section 194C of the Income Tax Act is a crucial provision designed to regulate the deduction of tax at source (TDS) on payments made to […]
Understanding TDS on Rent under Section 194I
Tax Deducted at Source (TDS) on rent payments is governed by Section 194I of the Income Tax Act, which plays a critical role in ensuring […]
Understanding TDS Provisions: Sections 192 to 194DA of the Income Tax Act
The Income Tax Act has provisions to collect tax at the source of income to prevent tax evasion. This mechanism is known as Tax Deducted […]
Section 194Q TDS Explained: A Complete Guide for Buyers and Businesses
Tax Deducted at Source (TDS) is a vital compliance mechanism under the Income-tax Act, 1961. It ensures tax collection at the earliest point of income […]
CBDT’s Section 194-O Guidelines Simplify TDS Deduction for Digital Marketplaces
The digital revolution has transformed commerce, with e-commerce platforms acting as intermediaries between sellers and buyers across the country. To ensure transparency in income reporting […]