Category: TDS Sections

TDS on Interest Payable to Non-Residents – Section 393(2) (Section 194LC)

The provisions relating to TDS on interest payable to non-residents on foreign borrowings have been restructured under the Income-tax Act, 2025. The earlier Section 194LC of the Income-tax Act, 1961… Read more »

TDS on Virtual Digital Assets – Section 393(1) (194S)

The provisions relating to TDS on transactions involving virtual digital assets have been restructured under the Income-tax Act, 2025. The earlier Section 194S of the Income-tax Act, 1961 is now… Read more »

TDS on Benefit or Perquisite – Section 393(1) (194R)

The provisions relating to deduction of tax at source on benefits or perquisites arising from business or profession have been restructured under the Income-tax Act, 2025. The earlier Section 194R… Read more »

Remittance Code & Section Code Mapping for Form 144

With the implementation of the Income-tax Act, 2025, the reporting framework for TDS on payments to non-residents has undergone changes. One important area is the mapping of the nature of… Read more »

Late Filing of TDS/TCS Statements – Fee, Penalty and Compliance Requirements

Timely filing of TDS and TCS statements is an essential compliance requirement under the Income-tax Act. Delay in furnishing such statements may result in levy of late filing fee, notices,… Read more »

TDS on Payments to Partners – Section 393(3) (194T)

The provisions relating to TDS on payments made by partnership firms to partners have been restructured under the Income-tax Act, 2025. The earlier Section 194T of the Income-tax Act, 1961… Read more »