TDS stands for Tax Deducted at Source is tax levied on any income or profit on periodic intervals by the Indian authorities. As per provision of the Income Tax Act 1961, income tax must be deducted at origin or source before paying the accounting balance to the individual (payee). ...
A resident person, when making payments for interests, natural sources, rent, royalties or service fees, must deduct TDS at the rate of 15% of the payment. However, if interest is paid to an individual for a deposit, debenture or
• Lower Deduction of Tax • Annual Tax Statement • Conclusion 5 Basics Basics • Status of Deductor/Payer o Any Person ……. o Tax Payer o Agriculturist o Charitable/ Educational Institutions 6 Basics Basics • Individual / HUF ...
The amount repaid must not include interest on loan or ground rent but shall include stamp duty and registration charges. Lock-in-period. The house acquired cannot be transferred before the expiry of 5 years from the end of the financial year in which the possession is obtained by assessee....
4.14 TDS on Income from Pension 4.15 Matters pertaining to the TDS made in case of Non-Resident 5. Computation Of Income Under The Head “Salaries” 5.1 Income chargeable under the head “Salaries” 5.2 Value of Perquisites as per Rule ...