Section 194C: TDS on Payments to Contractors
Section 194C of the Income Tax Act governs the deduction of tax on payments made to contractors or subcontractors for carrying out any work, including the supply of labour. What… Read more »
Category: TDS
TDS Under Section 194J(a) & 194J(b)
The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from 7th August 2020. u/s 194J(a) of… Read more »
July – Pending TDS / TCS Compliances
30th July – Due date of issuing TCS certificate for Quarter 1 of Financial Year 2025-2026 31st July – Due date of filing TDS Returns for Quarter 1 of Financial… Read more »
TDS Applicability U/S 194Q On Purchased Goods
In the Finance Act of 2021, the Indian government inserted Section 194Q. The Indian government’s intention behind enacting this law was to generate a trail of high-value purchases and sales… Read more »
TDS / TCS – Annual Compliance Calendar
TDS / TCS – Deposit & Filing of Returns TDS / TCS – deductions / collections during the course of the month needs to be deposited by 7th of the… Read more »
Section 194M – Deduction of TDS by Individual and HUF from payments to contractors and professionals
Section 194M, introduced in the Budget of 2019, specifically targets individuals and Hindu Undivided Families (HUFs) who were previously exempt from TDS obligations. This section mandates TDS deductions on payments… Read more »