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Section 194A

Latest Articles


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 1323 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 336 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 2478 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 22191 Views 1 comment Print

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 53313 Views 4 comments 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 2001 Views 0 comment Print


Latest Judiciary


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 12 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 405 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 606 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 258 Views 0 comment Print

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

Income Tax : ITAT Delhi held that PCIT cannot assume revisional jurisdiction under section 263 of the Income Tax Act when in case of debatable ...

March 20, 2024 204 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 1263 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 4944 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 7494 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 1728 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 5087 Views 0 comment Print


No TDS not on Payment of interest for delay in construction of Flats

November 28, 2011 2043 Views 0 comment Print

In this legal analysis, understand if interest paid by H.P. Housing Board is considered damages or interest under the Income-tax Act.

CBDT issued clarification on explanation to section 194A

March 2, 2010 6988 Views 0 comment Print

Circular No. 3/2010-Income Tax CBDT clarifies that Explanation to 194A is not meant to apply in cases of banks where credit is made to provisioning account on daily/monthly basis for the purposes of macro monitoring only by the use of CBS software

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