TDS

Section 194 of Income tax act – TDS on dividend Section 194 of Income tax act deals about deduction of TDS on payment of TDS. When dividend is declared over equity shared, taxation of such is covered in Section 194 and if dividend income is from mutual funds, such is covered in Section 194K. So,…

Section 192A – TDS on the accumulated balance of a provident fund Section 192A was introduced in the year 2015 for deduction of TDS on the accumulate balance of a provident fund. “Payment of accumulated balance due to an employee.—Notwithstanding anything contained in this Act, the trustees of the Employees’ Provident Fund Scheme, 1952, framed…

Section 194 J – TDS on a fee for Technical or Professional Services The two most common sections where TDS deduction is required are 194 J and 194C. Since this blog post is related to 194J so, we are going to analyze the provisions mentioned under the Income-tax Act of 1961.  Further, we will understand…