Section 196DA of the Income Tax Act governs the taxation of income earned by a specified fund from securities held by non-residents. This section outlines the applicable TDS rate, conditions for exemption, and key compliance provisions.

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Section 196C governs the tax deduction at source (TDS) on income from foreign currency bonds or shares of Indian companies acquired by non-residents. This guide simplifies the applicability, rates, and exceptions under the Income Tax Act.

Section 196B deals with TDS on income earned by offshore funds from units of mutual funds or UTI purchased in foreign currency. This section applies specifically to non-residents including Foreign Institutional Investors (FIIs). The deduction rate is 10% and compliance is mandatory.

Section 196A deals with TDS on income distributed to non-residents from units of mutual funds. This section specifies applicable rates, exemptions, and DTAA relief for NRIs receiving income from units in India.

Section 194R requires 10% TDS deduction on any benefit or perquisite given in the course of business or profession if its value exceeds ₹20,000. Understand the compliance rules, CBDT circulars, and exemptions under this section.

Section 194P offers TDS exemption to resident senior citizens aged 75 or more with only pension and interest income. Learn about eligibility, declaration form, and the role of specified banks in filing their ITR.

Section 194O mandates e-commerce operators to deduct 1% TDS on gross payments to sellers using their platform. Explore its threshold limit, rate, exclusions, and compliance essentials for online sellers and platforms.

Section 194M requires individuals and HUFs (not liable to audit) to deduct 5% TDS on payments exceeding ₹50 lakhs to contractors or professionals in a year. Understand its applicability, rate, and filing rules.

Section 194LD mandates TDS on interest earned by FIIs and QFIs from government securities or rupee-denominated bonds. Understand its scope, TDS rate, and compliance norms under the Income Tax Act.