Tax Deduction at Source

Though Tax is payable in the Assessment Year, Government collects tax on certain payments to safeguard its interest on revenue. Assessee can claim credit of such already deducted tax at the time of filing their returns. The compliance of Tax Deduction at Source (TDS) generally lies with the person making the payment. However, in certain cases, person receiving the income has also been assigned to comply with TDS provisions.

Section 194A deals with TDS on interest other than the interest on securities. Provisions related to the TDS on interest...

Dividends attract dividend distribution tax @ 15% in the hands of the company. There is no liability to pay tax...

Interest on Securities is taxable in India. Further, Section 193 of the Income Tax Act, 1961 provides for Tax Deduction...

Section 192 of the Income Tax Act, 1962 deals with the provisions related to TDS in the case of Salary....

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