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    Swati Dhankhar Final Year:e 330: Name: Class: Section Roll Number

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    mansi
    This document provides an overview of various sections related to Tax Deduction at Source (TDS) in India. It summarizes key TDS provisions like the deductors, deductees, applicable rates and thresholds for sections 192 (TDS on salaries), 193 (TDS on interest on securities), 194 (TDS on dividends) and several others. It also mentions some important notes and exceptions for certain sections.

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    Swati Dhankhar Final Year:e 330: Name: Class: Section Roll Number

    Uploaded by

    mansi
    23 views18 pages
    This document provides an overview of various sections related to Tax Deduction at Source (TDS) in India. It summarizes key TDS provisions like the deductors, deductees, applicable rates and thresholds for sections 192 (TDS on salaries), 193 (TDS on interest on securities), 194 (TDS on dividends) and several others. It also mentions some important notes and exceptions for certain sections.

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    swati dhankhar

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    This document provides an overview of various sections related to Tax Deduction at Source (TDS) in India. It summarizes key TDS provisions like the deductors, deductees, applicable rates and thresholds for sections 192 (TDS on salaries), 193 (TDS on interest on securities), 194 (TDS on dividends) and several others. It also mentions some important notes and exceptions for certain sections.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    23 views18 pages

    Swati Dhankhar Final Year:e 330: Name: Class: Section Roll Number

    Uploaded by

    mansi
    This document provides an overview of various sections related to Tax Deduction at Source (TDS) in India. It summarizes key TDS provisions like the deductors, deductees, applicable rates and thresholds for sections 192 (TDS on salaries), 193 (TDS on interest on securities), 194 (TDS on dividends) and several others. It also mentions some important notes and exceptions for certain sections.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 18

    Name : Swati

    Dhankhar
    Class: B.com [pass]
    final year
    Section:E
    Roll number:330
    S.192 - TDS ON SALARIES
    • DEDUCTOR- ANY PERSON
    • DEDUCTEE- RESIDENT OR NON
    RESIDENT.
    • RATE OF TDS : SLAB RATE
    APPLICABLE TO SPECIFIC
    EMPLOYEES ON THE BASIS OF HIS
    ESTIMATED INCOME.
    S. 193 TDS ON INTEREST ON SECURITIES

    DEDUCTOR - ANY PERSON


    • DEDUCTEE – RESIDENT
    • RATE OF TDS – 10%
    • LIMIT : >=2500.
    • NOTE: NO TDS
    IF:1. SECURITIES IS IN DEMAT FORM
    • 2. IS LISTED ON STOCK EXCHANGE
    S.194 – TDS ON DIVIDEND
    • DEDUCTOR- ANY PERSON
    • DEDUCTEE- RESIDENT OR NON RESIDENT
    • RATE -10%
    • NOTE :
    • NO TDS ON DIVIDEND EXEMPT U/S 115-O,
    • TDS ON DEEMED DIVIDEND U/S 2(22)(e).
    S.194A – TDS ON INT. ‘OTHER THAN
    • SEC.193’
    DEDUCTOR- PERSON LIABLE TO GET THEIR BOOKS AUDITED
    • DEDUCTEE – RESIDENT
    • RATE – 10%
    • LIMITS: – >=10000 WHERE PAYER IS BANKING CO. , CO-OP. SOCIETY BANK ,
    POST OFFICE – >=5000 IN OTHER CASE
    • NOTES:
    1. NO TDS :
    1. PAYMENT IS MADE TO BANK; FINANCIAL CORP. ESTB. UNDER ANY
    CENTRAL , STATE, PROVINCIAL ACT; PARTNER OF FIRM. 2. PAYMENT BY CO-
    OP. SOCIETY TO MEMBERS 3. ON INT. OF RECURRING DEPOSITS AND SAVING
    BANK. 4. INT. UNDER INCOME TAX OR WEALTH TAX ACT 5. ON ZERO
    COUPOUN BOND
    S.194B/ S. 194BB – TDS ON WINNINGS FROM
    LOTTERY OR CROSSWORD PUZZLE OR
    OTHER GAME OF ANY SORT / HORSE RACE
    • DEDUCTOR – ANY PERSON
    • DEDUCTEE – ANY PERSON
    • RATE – 30%
    • LIMIT : >=5000
    194C – TDS ON PAYMENT FOR WORKS
    CONTRACT
    • DEDUCTOR- PERSON LIABLE TO GET THEIR BOOKS AUDITED
    • DEDUCTEE – RESIDENT
    • RATE: PAYEE IS IND. OR HUF – 1 ANY OTHER ASSESSEE – 2%
    • LIMIT: SINGLE CONTRACT >=30000 ANNUAL AGG. AMOUNT >=75000.
    • NOTES :
    1. NO TDS IF PAYMENT IS FOR PERSONAL PURPOSE OF IND. OR HUF
    . 2. NO TDS IF TRANSPORTER FURNISHES HIS PAN
    3. TDS ON INVOICE VALUE EXCLUDING MATERIALS AMOUNT IF
    SEPARATELY SHOWN , ELSE ON WHOLE AMOUNT.
    S.194D -TDS ON INSURANCE
    COMMISSION
    • DEDUCTOR – ANY PERSON
    • DEDUCTEE – ANY RESIDENT
    • RATE OF TDS- 10%
    • LIMIT : =>20,000
    S.194E - TDS ON PAYMENT TO NON
    RESIDENT SPORTSMEN OR SPORTS
    ASSOCIATION
    • DEDUCTOR – ANY PERSON
    • DEDUCTEE – ANY NON RESIDENT NOT CITIZEN OF INDIA
    • RATE – 10%
    S.194G - TDS ON COMMISSION ON
    SALE OF LOTTERY TICKETS

    • DEDUCTOR – ANY PERSON


    • DEDUCTEE – ANY PERSON
    • RATE – 10%
    • LIMIT =>1000
    S.194H - TDS ON COMMISSION OR
    BROKERAGE

    • DEDUCTOR- PERSON LIABLE TO GET THEIR BOOKS AUDITED


    • DEDUCTEE – RESIDENT
    • RATE : 10%
    • LIMIT: =>5000
    • NOTE :
    • NO TDS ON PAYMENT BY BSNL & MTNL TO THEIR PCO
    FRANCHISEES
    • NO TDS ON TRANSACTION RELATED TO SECURITIES
    S.194I – TDS ON RENT

    • DEDUCTOR- PERSON LIABLE TO GET THEIR BOOKS AUDITED


    • DEDUCTEE – RESIDENT
    • RATE : – FOR USE OF PLANT & MACHINERY – 2% – FOR USE OF
    LAND ,BUILDING , FURNITURE AND FITTING – 10%
    • LIMIT : =>1,80,000
    • NOTE :
    1. TDS TO BE DEDUCTED ON WAREHOUSING CHARGES AND NON
    REFUNDABLE DEPOSITS ALSO
    2. NO TDS ON SERVICE TAX COMPONENT
    S.194J – TDS ON FEES FOR PROFESSIONAL SERVICE,
    TECHNICAL SERVICE, ROYALTY, OR ANY NON
    COMPETE FEES

    • DEDUCTOR- PERSON LIABLE TO GET THEIR BOOKS AUDITED


    • DEDUCTEE – RESIDENT
    • RATE : 10%
    • LIMIT :=>30,000
    • NOTE:
    • NO TDS IF PROFESSIONAL FEES PAID BY NON RESIDENT TO RESIDENT
    THROUGH BANKING CHANNELS AND NON RESIDENT DO NOT HAVE ANY
    AGENT IN INDIA
    • NO TDS ON PAYMENT MADE BY IND. & HUF FOR PERSONAL PURPOSE.
    S.194LA - PAYMENT ON COMPENSATION OF
    COMPULSORY ACQUISATION OF ANY IMMOVABLE
    PROPERTY

    • DEDUCTOR – ANY PERSON


    DEDUCTEE – ANY RESIDENT
    • RATE : 10%
    • LIMIT: =>1,00,000
    • NOTE :
    • NO TDS ON COMPULSORY ACQUISATION OF AGRICULTURE LAND.
    S.195 – TDS ON ANY SUM PAID TO NON
    RESIDENT OR A FOREIGN COMPANY
    • DEDUCTOR – ANY PERSON
    • DEDUCTEE – NON RESIDENT OR FOREIGN COMPANY
    • RATE :
    AT THE RATE IN FORCE
    • AN IMPORTANT CASE – VODAFONE INTERNATIONAL HOLDINGS
    B.V. Vs. UOI
    S.196 – NO TDS ON SPECIFIED PERSONS
    1. NO TDS ON ANY SUM PAID TO :
    2. THE GOVERNMENT
    3. THE RBI
    4. CORPORATION ESTABLISHED BY OR UNDER A CENTRAL ACT WHICH
    IS EXEMPT FROM INCOME TAX
    5. MUTUAL FUND SPECIED UNDER S.10(23D)

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