Tag: Section 194M

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

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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 »

Reduction / Optimization of TDS Rates W.E.F. 1st October ‘24

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Effective from 1st October 2024, Tax Deducted at Source (TDS) rates have been reduced. These are part of the government’s ongoing efforts to simplify tax compliance and minimize the financial… Read more »