HUF is Liable to deduct TDS HUF (Hindu Undivided Family) is liable to deduct TDS (Tax Deducted at Source) in certain situations where the provisions of the Income Tax Act, 1961 apply. Here are some scenarios where an HUF may be required to deduct TDS: Salary Payments: If the HUF is an employer and pays… Read More »
Declaration of Section 206AB Declaration of section 206AB, Section 206AB of the Income Tax Act, 1961, was implemented as part of the Union Budget 2021 and has been in effect since July 1, 2021. This provision mandates designated individuals to withhold tax at an increased rate on particular payments made to individuals who have… Read More »
Introduction Dividend income is a significant source of passive earnings for investors in India. However, it is subject to taxation, with the deduction of Tax Deducted at Source (TDS) playing a crucial role in the tax structure. Understanding the rate of TDS deduction on dividend income is essential for both individual investors and businesses to… Read More »