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Income Tax TDS TDS payment TDS Rates TDSMAN Software

Section 194M – Deduction of TDS by Individual and HUF from payments to contractors and professionals

A new section 194M has been proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now required to deduct TDS @ 5% for payments exceeding Rs. 50 lakhs in a year to a resident contractor or to a professional (as defined u/s Section 194C and Section […]

Categories
Income Tax TDS TDS payment TDS Rates TDSMAN Software

Section 194M – Rationale & Brief Analysis

A new section 194M has been proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now required to deduct TDS @ 5% for payments exceeding Rs. 50 Lakhs in a year to a resident contractor or to a professional (as defined u/s Section 194C and Section […]