TDS Compliances TDS Compliances, is a chart for the financial year 2022-23 in India. Please note that the rates and thresholds mentioned below are based on the information available up to my knowledge cutoff in September 2021. It’s always advisable to refer to the official tax department website or consult with a tax professional… Read More »
Income Tax Act 1961 Section 195 of the Income Tax Act, 1961 is a crucial provision for the taxation of non-residents in India. It focuses on the tax implications of payments made to non-residents, ensuring that taxes are deduct at source (TDS) on specific types of income earn by non-residents from an Indian… Read More »
Is fee paid to Non-Professional accountant subject to TDS TDS on fee of Non-Professional accountant is mandatory. The payment made to a non-professional accountant is subject to Tax Deducted at Source (TDS) as per Section 194J of the Income Tax Act, 1961. The applicable TDS rate for non-professional services is 10%, with a reduced rate… Read More »
What is the rate of TDS deduction on dividend income Tax Deducted at Source (TDS) is a mechanism introduced by the Indian government to collect tax at the source of income. When it comes to dividend income, TDS plays a crucial role in ensuring that taxes are collected efficiently. What is Dividend Income? Dividend income… Read More »
What is TDS on ESOPs TDS (Tax Deducted at Source) on ESOPs (Employee Stock Options) refers to the tax deduction made by the employer at the source from the income received by an employee upon exercising their stock options. ESOP taxation in India depends on rule. When an employee exercises their stock options, they receive… Read More »
TDS on Interest on late payment TDS on Interest on late payment, No, Tax Deducted at Source is not applicable on interest due to late payments made to creditors. Tax Deducted at Source is specifically applicable to certain types of payments such as salaries, rent, professional fees, etc., as outlined in the Income Tax… Read More »
