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-Residents
Tag: Section 195
Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961
The Income Tax (I-T) department will now add interest amount to a delayed refund made on excess tax deducted at source (TDS) cuts and will…
View More Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961Deduct tax at source while purchasing property
Deduct tax at source while purchasing property else, you’ll need to pay from own pocket with interest and penalty. On receiving a notice from the…
View More Deduct tax at source while purchasing propertyFurnishing of information made more stringent and penalty introduced -Sections 195 and 271-I
Presently, when any person responsible for making a payment to a non-resident of any interest or other sum chargeable under the provisions of this Act,…
View More Furnishing of information made more stringent and penalty introduced -Sections 195 and 271-I