Procedure for Payment of TDS demand on sale of Property

Procedure for Payment of TDS demand on sale of Property If Seller/Deductee is a resident of India: The Finance Act 2013 introduced section 194IA applicable w.e.f. 01.06.2013, wherein TDS is applicable on sale of immovable property where the sale consideration of ...
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TDS Chart for FYs 2021-2022 & 2022-23

TDS Chart for FYs 2021-2022 & 2022-23   Nature of Payment Section Threshold Limit (INR) TDS Rate for Individual/HUF in % TDS Rate for Others Salaries 192 Rs. 5,00,000 According to employees’ individual slab rates – EPF premature withdrawal 192A Rs.50,000 10 – Interest of securities 193 Rs.10,000 10 10 Dividends 194 Rs.5,000 10 10 Interest (Banks) 194A Rs.40,000 10 10 Senior Citizens 194A Rs.50,000 10 – Single contractor payment 194C Rs.30,000 1 2 Aggregate contractor payment 194C Rs.1 lakh 1 2 Insurance commission 194D Rs.15,000 5 10 Life insurance policy 194DA Rs.1 lakh 1 1 NSS 194EE Rs.2500 10 10 Repurchase ...
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Section 194R: TDS on benefits & Perquisite 

Section 194R: TDS on benefits & Perquisite  Union Budget - 2022 has proposed to add Section 194R to provide for TDS on benefits & Perquisite. This is surely going to plug the revenue loopholes in the business operation. Mostly, insurance ...
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