TDS

All About TDS Certificates – Form16, 16A & 16B

TDS Certificate – Introduction Any person who is engaged in the deduction of TDS is required to issue TDS certificate. As per the Section 203 of the Income Tax Act, 1961 it is mandatory for all Deductors to deduct TDS. After deducting and depositing the TDS by due date in Government account, the Deductor has …

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Section 80TTA Deduction

Section 80TTA-Guide on Claiming Deduction on Interest

Deduction on Interest on Savings Account Deposit – Section 80TTA Here’s a quick guide on claiming the deduction on interest under section 80TTA of the Income Tax Act. In this post, you’ll learn about: What is section 80TTA, Eligibility for Section 80TTA, Maximum amount of deduction (deduction limit), How to claim the deduction, etc. Section …

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TDS on Mutual Fund Dividend Income

Section 194K – TDS on Mutual Fund Dividend

TDS on Mutual Fund Dividend Income – Section 194K A New TDS section 194K introduced through Finance Bill 2020-2021 to levy TDS on Mutual fund dividend. [email protected]% shall be deducted on dividend income paid by company or mutual fund to its share or Unit holder. This Section will take effect from 1st April, 2020. Main …

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TDS Under Section 194-O

Section 194-O: TDS on Payment by e-commerce operator to e-commerce participant

Section 194-O: TDS on Payment of certain sums by e-commerce operator to e-commerce participant A New section 194-O introduced through Union budget 2020 to levy TDS on Payment of certain sums by e-commerce operator to e-commerce participant. Provisions of Section 194-O of the Income Tax Act: As per the provision of Section 194-O, an e-commerce …

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