Make sure you deduct correct TDS
In this post, we will see the steps to deduct correct TDS for Salaries and Non-Salaries and the consequences of not deducting TDS.
TDS section 194C
In this post, we will discuss in detail on TDS Section 194C. Here TDS is deducted from any kind of payment made to persons who are basically contractors or subcontractors.
TDS Section 194B (now Section 393(3) Sl.1)
In this post, we will look into TDS Section 194B (now Section 393(3) Sl.1) under Income Tax. The winnings from lottery, puzzle, game, and horse races are taxed here.
TDS Section 194A (now Section 393(1) Sl.5(ii)/(iii))
In this post, we will look into TDS Section 194A (now Section 393(1) Sl.5(ii)/(iii)) under Income Tax Act. This is regarding TDS to be deducted on interest payable like interest on fixed deposits, interest on loans, and Advances.
Current TDS rate for FY 2022-23
In this post, we will look into the detailed list of TDS Sections and TDS Rates for the current Financial Year 2021-22.
