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 […]
TDS
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 […]