Section 194K: TDS on Income from mutual fund units
The Dividend Distribution Tax paid by Companies has been abolished in the Finance Bill 2020 and dividend income shall be taxable in the hands of investors now. Sec 194K was… Read more »
Monthly Archives: January 2022
Section 194F- TDS on Repurchase of Units by Mutual Fund or Unit Trust of India (UTI)
Deductor- The person(Individual/HUF) making investments in Equity Linked Savings Scheme shall make deduction as per Sec 80CCB. Deductee- UTI or respective Mutual Fund Time of Deduction- At the time of… Read more »
Section 194EE- TDS on Payments in respect of Deposit under NSS
Deductor- Any person responsible for making payment of any amount for the amount standing in NPS covered under Sec 80CCA and accrued interest. Deductee- Person who has deposited in NPS… Read more »
Section 194E- TDS on Payments to Non-Resident Sportsmen or Sports Association
Deductor- Any person responsible for making payment Deductee/Payee- Non – resident foreign citizen sportsman (including an athlete) Non – resident sports association or institution Non- resident foreign citizen entertainer Time… Read more »
Section 193- TDS on Interest on Securities
TDS shall be deducted on interest paid on securities by the interest payer. Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is earlier…. Read more »
Section 194IC – TDS on consideration paid under a Joint Development Agreement
Time of Deduction- At the time of credit or payment, whichever is earlier. Deductor- Any person paying any sum by way of consideration under Joint Development Agreement. Deductee- TDS Rate-… Read more »