TDS AND TCS
TDS is the tax that is deducted on a payment made by a company to an individual, in case the amount exceeds a certain limit. TCS is the tax that is collected by sellers while selling something to buyers. TDS deduction is applicable on payments such as salaries, rent, professional fee, brokerage, commission, etc.
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TDS on Salary under TDS section 192 (updated)
TDS on Salary under Section 192 of the Income Tax Act, Tax deducted at source (TDS) on salary helps in aims to collect revenue at the very source of income.…
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TDS rates section-wise for current F.Y. (updated)
TDS rates apply to resident and non-resident payments as well as TDS rates on domestic and foreign companies in India. And any person paying income is responsible for deducting tax…
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TDS on Sale of Property in India (Sec 194IA) TIN
TDS on Sale of Property in India sec 194IA– A new TDS Section 194-IA of the Income Tax Act was proposed in the finance bill 2013, According to this section…