International transactions have increased significantly in recent decades due to globalization, technological advancement, and expansion of services across borders. Indian companies and individuals frequently make […]
TDS
TDS on Cross-Border Transactions: Import of Goods, SEP, and International Taxation
Cross-border transactions have always attracted attention from both businesses and regulators due to the intricate web of domestic laws, international tax treaties, and evolving global […]
Section 195 TDS Explained: Complete Guide to Tax Deduction on Payments to NRIs
Section 195 of the Income-tax Act, 1961 plays a crucial role in the taxation framework involving non-residents. It mandates the deduction of tax at source […]
Understanding Section 194S of Income Tax Act: TDS Deduction on Virtual Digital Asset Transfers
In recent years, the popularity of digital assets has surged across the globe, and India has emerged as one of the leading markets for such […]
Form 24Q Explained: Complete Guide to TDS on Salary, Return Filing and Due Dates
The system of tax deduction at source plays a crucial role in India’s income tax framework. Among the various forms used for reporting deducted tax, […]
Navigating Section 201(1) Proviso with Form 26A: TDS Liability in Cross-Border Real Estate Deals
The regime of tax deduction at source has been designed by the Indian legislature as a mechanism to ensure upfront collection of revenue. This framework […]
CBDT Simplifies Compliance Check for Higher TDS and TCS under Section 206AB & 206CCA
The Indian income tax framework has undergone multiple changes in the past decade with a sharp focus on widening the tax base, improving compliance, and […]
Section 194R Explained: TDS on Benefits and Perquisites with Practical Examples
Section 194R is one of the most significant provisions introduced in recent years for tax deduction at source. It deals with deduction on benefits and […]
Mastering Form 26Q: TDS Return Filing Process for Non-Salary Transactions
Form 26Q is a quarterly statement that must be filed by deductors who are responsible for deducting tax at source on payments other than salary. […]
How Section 194Q TDS Impacts Buyers: Practical Insights and Filing Rules
The Indian government has expanded the scope of Tax Deducted at Source (TDS) over the years to enhance tax compliance and transparency. Section 194Q, introduced […]
How Section 194Q TDS Impacts Large Business Purchases: Key Rules and Exemptions
The introduction of Section 194Q under the Income-tax Act, effective from July 1, 2021, marked a significant shift in the way tax is deducted at […]
A Comprehensive Guide to Section 194R and TDS on Perquisites
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 […]
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 […]