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Section 194

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TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

Income Tax : Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Ea...

July 25, 2023 52863 Views 4 comments Print

Important provisions of Tax Deducted at Source

Income Tax : Gain a comprehensive understanding of Tax Deducted At Source (TDS) provisions under the Income Tax Act, 1961. Explore key sections...

July 11, 2023 6960 Views 0 comment Print

TDS Rate Chart for FY 2023-2024 (AY 2024-2025)

Income Tax : TDS Rate Chart for FY 2023-2024 (AY 2024-2025) – Get complete details on Budget 2023 Amendments, Nature of Payment & Threshold L...

February 11, 2023 805404 Views 3 comments Print

TDS Rate Chart for FY 2022-23 / AY 2023-24 – Updated

Income Tax : Explore the updated Income Tax TDS Rate Chart for FY 2022-23 / AY 2023-24. Comprehensive guide covering TDS rates on various incom...

June 13, 2022 553647 Views 6 comments Print

Taxation of Dividends -In The Hands of Shareholders

Income Tax : We know that before Finance Act, 2020 a dividend received from a domestic company is exempt in the hands of shareholders. Because ...

July 8, 2021 30084 Views 2 comments Print


Latest Judiciary


Service Tax Not Included in Gross Receipts for Presumptive Income (Sec. 44BBA): Kolkata ITAT

Income Tax : ITAT Kolkata rules service tax collected for rendering services does not form part of gross receipts under Sec 44BBA, benefiting C...

February 14, 2024 483 Views 0 comment Print

No Section 271(1)(c) Penalty for Stamp Authority Valuation Discrepancy: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad rules accepting stamp authority valuation is not proof of incorrect sale consideration, removing penalty under Sect...

February 14, 2024 1068 Views 0 comment Print

Employee not liable for employer’s failure to deposit TDS on his Salary: Delhi HC

Income Tax : Delhi High Court rules in favor of employee, stating the employer is responsible for TDS deposit. Petitioner exempted from tax lia...

January 7, 2024 7140 Views 1 comment Print

TDS u/s. 194-IA deducted on assets sold during liquidation should be refunded to corporate debtor

Corporate Law : NCLT Ahmedabad held that the amount of TDS deducted under section 194-IA on assets sold during the process of liquidation should b...

December 21, 2023 3108 Views 0 comment Print

TDS not deductible on payment of compensation to Cricket South Africa

Income Tax : ITAT Mumbai held that the payment of compensation to CSA (Cricket South Africa) under the Termination Agreement is also not taxabl...

May 24, 2023 726 Views 0 comment Print


Latest Posts in Section 194

Service Tax Not Included in Gross Receipts for Presumptive Income (Sec. 44BBA): Kolkata ITAT

February 14, 2024 483 Views 0 comment Print

ITAT Kolkata rules service tax collected for rendering services does not form part of gross receipts under Sec 44BBA, benefiting Cathay Pacific Airways.

No Section 271(1)(c) Penalty for Stamp Authority Valuation Discrepancy: ITAT Ahmedabad

February 14, 2024 1068 Views 0 comment Print

ITAT Ahmedabad rules accepting stamp authority valuation is not proof of incorrect sale consideration, removing penalty under Section 271(1)(c) of the Income Tax Act.

Employee not liable for employer’s failure to deposit TDS on his Salary: Delhi HC

January 7, 2024 7140 Views 1 comment Print

Delhi High Court rules in favor of employee, stating the employer is responsible for TDS deposit. Petitioner exempted from tax liability. Details and analysis here.

TDS u/s. 194-IA deducted on assets sold during liquidation should be refunded to corporate debtor

December 21, 2023 3108 Views 0 comment Print

NCLT Ahmedabad held that the amount of TDS deducted under section 194-IA on assets sold during the process of liquidation should be returned (refunded) back by income tax department into the account of Corporate Debtor.

TDS Rate Chart for FY 2023-24 / AY 2024-25 – Updated

July 25, 2023 52863 Views 4 comments Print

Updated TDS Rate Chart for FY 2023-24 (AY 2024-25). Find the latest rates for tax deduction at source for various transactions. Easy-to-understand guide.

Important provisions of Tax Deducted at Source

July 11, 2023 6960 Views 0 comment Print

Gain a comprehensive understanding of Tax Deducted At Source (TDS) provisions under the Income Tax Act, 1961. Explore key sections such as 192, 193, 194, and 195, which cover various payment scenarios where tax deduction is required. Learn about TDS rates, thresholds, and implications for different types of income.

TDS not deductible on payment of compensation to Cricket South Africa

May 24, 2023 726 Views 0 comment Print

ITAT Mumbai held that the payment of compensation to CSA (Cricket South Africa) under the Termination Agreement is also not taxable under the provisions of the India-South Africa DTAA. Since the payment is not chargeable to tax in India in the hands of CSA, therefore, there is no obligation on the assessee to deduct tax at source under section 195 of the Act.

TDS Rate Chart for FY 2023-2024 (AY 2024-2025)

February 11, 2023 805404 Views 3 comments Print

TDS Rate Chart for FY 2023-2024 (AY 2024-2025) – Get complete details on Budget 2023 Amendments, Nature of Payment & Threshold Limits. Tax Deduction at Source (TDS) now at 3 crore limit for co-operative societies.

TDS Rate Chart for FY 2022-23 / AY 2023-24 – Updated

June 13, 2022 553647 Views 6 comments Print

Explore the updated Income Tax TDS Rate Chart for FY 2022-23 / AY 2023-24. Comprehensive guide covering TDS rates on various incomes as per the Income-tax Act. Stay informed to ensure accurate tax deductions.

Section 194 TDS not deductible when payment is made to a non-shareholder

February 7, 2022 2562 Views 0 comment Print

DCIT Vs J. P. Iscon Ltd. (ITAT Ahmedabad) The brief facts leading to the case is this that the assessee had given inter-corporate deposit to six subsidiaries companies namely Dhanlaxmi Infrastructure Pvt. Ltd., Amit Intertrade Pvt. Ltd., Dhwani Infrastructure Pvt. Ltd., Rich Infrastructure Pvt. Ltd., Gujarat Mall Management Co. Pvt. Ltd. & Palitana Sugars Mills […]

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