Section 194G- TDS on Commission on Sale of Lottery Tickets
Any income earned by a person in the form of commission, remuneration, or prize on lottery tickets (deductee) who has been selling lottery tickets (also…
View More Section 194G- TDS on Commission on Sale of Lottery TicketsSection 194DA- TDS on maturity payment in respect of Life Insurance Policy
TDS needs to be deducted on maturity payment in respect of life insurance policy. Time of Deduction- TDS to be deducted at the time of…
View More Section 194DA- TDS on maturity payment in respect of Life Insurance PolicyTDS Under Section 194J(a) & 194J(b)
The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from August…
View More TDS Under Section 194J(a) & 194J(b)Section 194B: TDS on Winnings from Lottery, Game Shows etc…
TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor. 1. Applicability: Winning amount needs to be more than…
View More Section 194B: TDS on Winnings from Lottery, Game Shows etc…TDSMAN – Featured in (The Economic Times, Kolkata)
Indeed, a great privilege for Team TDSMAN as our Director, Mr. Ranjan Goenka has been featured by The Economic Times, Kolkata in their news daily…
View More TDSMAN – Featured in (The Economic Times, Kolkata)Section 194C – TDS on Transporter
Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at…
View More Section 194C – TDS on Transporter206AB & 206CCA Compliance Check – Quick Guide
The Income Tax Department has activated the online system to determine the ‘Specified Person’ on whom the higher rate of TDS / TCS will be…
View More 206AB & 206CCA Compliance Check – Quick GuideTDS / TCS Compliances for November 2021
7th November 2021 – Due date for TDS / TCS payment for deductions / collections during October 2021 15th November 2021 – Due date for issuance of…
View More TDS / TCS Compliances for November 2021Allocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS ReturnsSection 89(1) Relief on Salary Arrears and Salary in Advance
Relief is provided under section 89(1), if salary pertaining to another period is received in advance/ or in arrears during a financial year, leading to…
View More Section 89(1) Relief on Salary Arrears and Salary in Advance