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 »
Category: CBDT
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 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 »
Section 194IA- Payment on Transfer of Immovable Property
Time of Deduction- TDS to be deducted at the time of credit or payment, whichever is earlier. Deductor- Any person (other than a person referred to in Section 194LA- tax… Read more »
Section 194DA- TDS on maturity payment in respect of Life Insurance Policy
TDS needs to be deducted on maturity payment in respect of life insurance policy. Time of Deduction- TDS to be deducted at the time of payment. Deductor- Any person who… Read more »
Preparing Salary TDS Return – Form 24Q (Q4)
Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular quarterly data for the months… Read more »