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.
Section 194LBC deals with TDS on income distributed by securitization trusts to investors. Know the applicable rates for resident and non-resident investors and key compliance requirements under the Income Tax Act.
Section 194LBB mandates investment funds (like AIFs) to deduct TDS when distributing income to unit holders. Get insights on TDS rates, resident vs non-resident treatment, and exclusions under the Income Tax Act.
Section 194LBA requires business trusts like REITs and InvITs to deduct TDS on distributed income to unit holders. Understand the TDS applicability, threshold limits, and tax treatment for residents and non-residents under this provision.
Section 194S mandates TDS on payments for Virtual Digital Assets like cryptocurrency and NFTs. This provision applies to both individuals and exchanges when certain threshold limits are crossed. Learn about applicable rates, exemptions, and compliance rules under this crypto tax section.
