For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsMonth: September 2025
Section 195 – TDS on Payments to Non-Residents
What is Section 195? Section 195 of the Income Tax Act, 1961 mandates that any person (including individuals, Hindu Undivided Families (HUFs), firms, or companies)…
View More Section 195 – TDS on Payments to Non-ResidentsSection 194O – TDS on Payments by E-Commerce Operators to Participants
Section 194O was introduced in the Union Budget 2020 and came into effect from 1st October 2020. It requires e-commerce operators to deduct TDS on…
View More Section 194O – TDS on Payments by E-Commerce Operators to ParticipantsHealthy Practices for Error Free TDS Returns
Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is well advised to follow few practices that…
View More Healthy Practices for Error Free TDS ReturnsScope of TCS widened for Luxury Goods
In the Budget of FY:24-25, the scope of including more luxury items beyond motor cars was announced with the option to notify additions from time…
View More Scope of TCS widened for Luxury Goods