Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…
View More Consequences of TDS defaultsTag: Section 194H
TDS Under Section 194H – Brokerage & Commission
What is Section 194H? Section 194H of the Income Tax Act is specifically dedicated to TDS deducted on income earned through brokerage or commission by…
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Reduction / Optimization of TDS Rates W.E.F. 1st October ‘24
Effective from 1st October 2024, Tax Deducted at Source (TDS) rates have been reduced. These are part of the government’s ongoing efforts to simplify tax…
View More Reduction / Optimization of TDS Rates W.E.F. 1st October ‘24Due Dates for January 2016
7 January 2016 – Due date for deposit of Tax deducted/collected for the month of December, 2015. However, all sum deducted/collected by an office of…
View More Due Dates for January 2016FAQ on Section 194H – TDS from Commission and Brokerage
Q1. Who is responsible to deduct tax u/s 194H? Ans. Any person, (other than individual or a Hindu undivided family) who is responsible for paying, to…
View More FAQ on Section 194H – TDS from Commission and Brokerage