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Section 194A

Latest Articles


Senior Citizen/ Super Senior Citizen – Income Tax Benefits allowable

Income Tax : Learn about tax benefits for senior and super senior citizens, including deductions on health insurance, medical expenses, interes...

September 6, 2024 1245 Views 0 comment Print

Provision of Section 194A TDS on Interest Other Than ‘Interest On Securities’

Income Tax : Explore the intricacies of Tax Deducted at Source (TDS) under Section 194A for interest payments other than securities. Learn abou...

June 12, 2024 1974 Views 1 comment Print

Navigating the Crypto Tax: Through the lens of Regulatory framework

Income Tax : Explore the impact of taxation on India's burgeoning online gaming sector, navigating legislative complexities and proposed Financ...

April 1, 2024 369 Views 0 comment Print

Section 194A TDS Exemption for Individuals or HUF Below Taxable Slab

Income Tax : Explore how individuals can avoid TDS deductions under Section 194A of the Income Tax Act if their income falls below taxable thre...

March 19, 2024 3030 Views 0 comment Print

Section 194A TDS on Interest to NBFCs: Compliance and Challenges

Income Tax : Unravel the complexities of Section 194A TDS on interest payments to Non-Banking Financial Companies (NBFCs). Explore the legal ob...

October 2, 2023 34431 Views 1 comment Print


Latest News


TDS threshold on interest on bank/post office deposits increased

Income Tax : TDS THRESHHOLD INCREASED While presenting interim Budget 2019-20 FM has raised TDS threshold on interest earned on bank/post offic...

February 1, 2019 2037 Views 0 comment Print


Latest Judiciary


Section 115JB Inapplicable to corresponding new bank: ITAT Bangalore

Income Tax : The fiction created by Section 11 of the Acquisition Act, does not imply that the assessee bank would also become a company for th...

October 26, 2024 135 Views 0 comment Print

ITAT Upholds Section 56(2) Addition for Property Purchase Without Consideration

Income Tax : Read the detailed analysis of Indira Ramaiah Vs ITO case by ITAT Bangalore. ITAT upheld the addition of gift for undisclosed inves...

July 18, 2024 576 Views 0 comment Print

AP HC Quashes TDS Prosecution for Belated Deposit as reasonable cause exist

Income Tax : Andhra Pradesh High Court quashes prosecution against Aditya Institute for delayed TDS deposit, citing reasonable cause under Sect...

July 2, 2024 795 Views 0 comment Print

TDS not deductible on interest retained by NBFCs on assets purchased by SBI

Income Tax : Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical ...

May 14, 2024 819 Views 0 comment Print

State Government Loans not attracts Section 43B(d) disallowance: ITAT Pune

Income Tax : In Tokai Sahakari Sakhar Karkhana Ltd vs ITO (ITAT Pune), ITAT rules that loan received from State Government is not subject to S....

March 22, 2024 372 Views 0 comment Print


Latest Notifications


No section 194A TDS on interest from Mahila Samman Savings Certificate

Income Tax : No section 194A TDS on interest from Mahila Samman Savings Certificate – Notification No. 27/2023-Income Tax | Dated: 16th...

May 16, 2023 1317 Views 0 comment Print

No Section 194A TDS on Interest payment to Scheduled Tribe by Scheduled Bank

Income Tax : CBDT notifies that no Section 194A TDS will be deducted by ‘Scheduled Bank on payment of interest, other than interest on securi...

September 17, 2021 5082 Views 0 comment Print

TDS on interest on Post Office Saving Schemes reduced

Finance : In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pa...

June 26, 2020 7560 Views 0 comment Print

No TDS on Interest to Senior Citizen if not exceeds Rs. Fifty Thousand

Income Tax : Income-tax Act provides that no tax deduction at source under section 194A shall be made in the case of Senior Citizens where the ...

December 6, 2018 1743 Views 0 comment Print

TDS U/s. 194A of the Act on interest on fixed deposit made on direction of Courts-regd

Income Tax : Circular No. 23/2015 Section 194A of Income Tax Act, 1961 stipulates deductions of tax at source (TDS) on interest other than inte...

December 28, 2015 5150 Views 0 comment Print


Latest Posts in Section 194A

Section 115JB Inapplicable to corresponding new bank: ITAT Bangalore

October 26, 2024 135 Views 0 comment Print

The fiction created by Section 11 of the Acquisition Act, does not imply that the assessee bank would also become a company for the purpose of the Companies Act for which Clause (b) of Sub-Section 2 of Section 115JB is applicable.

Senior Citizen/ Super Senior Citizen – Income Tax Benefits allowable

September 6, 2024 1245 Views 0 comment Print

Learn about tax benefits for senior and super senior citizens, including deductions on health insurance, medical expenses, interest income, and filing exemptions.

ITAT Upholds Section 56(2) Addition for Property Purchase Without Consideration

July 18, 2024 576 Views 0 comment Print

Read the detailed analysis of Indira Ramaiah Vs ITO case by ITAT Bangalore. ITAT upheld the addition of gift for undisclosed investments and property purchase.

AP HC Quashes TDS Prosecution for Belated Deposit as reasonable cause exist

July 2, 2024 795 Views 0 comment Print

Andhra Pradesh High Court quashes prosecution against Aditya Institute for delayed TDS deposit, citing reasonable cause under Section 278AA of the Income Tax Act.

Provision of Section 194A TDS on Interest Other Than ‘Interest On Securities’

June 12, 2024 1974 Views 1 comment Print

Explore the intricacies of Tax Deducted at Source (TDS) under Section 194A for interest payments other than securities. Learn about rates, exemptions, responsibilities, and procedures.

TDS not deductible on interest retained by NBFCs on assets purchased by SBI

May 14, 2024 819 Views 0 comment Print

Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical services, or commission/brokerage?

Navigating the Crypto Tax: Through the lens of Regulatory framework

April 1, 2024 369 Views 0 comment Print

Explore the impact of taxation on India’s burgeoning online gaming sector, navigating legislative complexities and proposed Finance Bill, 2023 amendments.

State Government Loans not attracts Section 43B(d) disallowance: ITAT Pune

March 22, 2024 372 Views 0 comment Print

In Tokai Sahakari Sakhar Karkhana Ltd vs ITO (ITAT Pune), ITAT rules that loan received from State Government is not subject to S.43B(d) of Income Tax Act, 1961. Full text analysis here.

Revisional jurisdiction u/s 263 not invocable when AO takes one possible view: ITAT Delhi

March 20, 2024 216 Views 0 comment Print

ITAT Delhi held that PCIT cannot assume revisional jurisdiction under section 263 of the Income Tax Act when in case of debatable issue, out of the two possible views, AO accepts one of the views.

Section 194A TDS Exemption for Individuals or HUF Below Taxable Slab

March 19, 2024 3030 Views 0 comment Print

Explore how individuals can avoid TDS deductions under Section 194A of the Income Tax Act if their income falls below taxable thresholds. Learn about Form 15G and Form 15H.

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