Articles by CA.R.S.KALRA

Section 197A | No TDS Deduction

Posted by CA.R.S.KALRA 09 March 2021 4403 Views

Section 197A provides for any individual, not being a firm or a company, to apply for an exemption of TDS deduction on his/her income from interest on deposits with the banks in India if such income is below the taxable limit.

Section 197 | Certificate For Deduction at Lower Rate

Posted by CA.R.S.KALRA 08 March 2021 10489 Views

Section 197 of the Income Tax Act, permits taxpayers a facility of Nil or lower tax rate deduction of TDS or exemption of TDS. The Nil or lower TDS application is valid for the period for which it is issued or until the assessing officer cancels it.

Section 196D | TDS on Income of foreign institutional investors from securities

Posted by CA.R.S.KALRA 06 March 2021 6965 Views

Under Section 196D of the Income Tax Act, TDS is deducted for a Foreign Institutional Investor if the income is in respect of securities referred to in Section 115AD.

Section 196C | TDS on Income from foreign currency bonds or GDRs

Posted by CA.R.S.KALRA 05 March 2021 10354 Views

Under Section 196C, any income arising by way of interest, dividend, or long term capital gains from foreign currency bonds or GDRs is liable for TDS @ 10%.

Section 196B | TDS on long term capital gains (LTCG) from units referred to in section 115AB

Posted by CA.R.S.KALRA 04 March 2021 3150 Views

Discussing the meaning, rate of TDS, nature of payment etc. of Section 196B which deals with TDS on long term capital gains (LTCG) from units referred to in section 115AB.

Section 195 | TDS on Non-Resident Payments

Posted by CA.R.S.KALRA 03 March 2021 8137 Views

Discussing the meaning, rate of TDS, nature of payment and threshold limit etc. of Section 195 of the Income Tax Act - TDS on Non-Resident Payments.

Section 194O | TDS on E-commerce Operator

Posted by CA.R.S.KALRA 02 March 2021 3578 Views

Discussing Section 194O of the Income Tax Act, which deals with the TDS on E-commerce Operator including its meaning, rate of TDS, and recent amendments etc.

Section 194N | TDS on cash withdrawal from banks/post offices

Posted by CA.R.S.KALRA 01 March 2021 15283 Views

Discussing Section 194N of the Income Tax Act, which deals with the TDS on cash withdrawal from banks/post offices, including its meaning, rate of TDS, exemptions etc.

Section 194M | TDS on payments of certain Sums by Individual and HUF

Posted by CA.R.S.KALRA 26 February 2021 4067 Views

Discussing section 194M of the Income Tax Act which deals with the TDS on payments of certain Sums by Individual and HUF including its meaning, rate of TDS, threshold limit etc.

Section 194LD | TDS on Income by way of Interest on certain Bonds/Government Securities

Posted by CA.R.S.KALRA 25 February 2021 1445 Views

Discussing Section 194LD of the Income Tax Act which deals with the TDS on Income by way of Interest on certain Bonds/Government Securities including its meaning, rate of TDS, nature of payment etc.