Trick to remember sections form 190 to 194LA

This article mentions that how can you remember sections 190 to 194LA, In this list you just need to by heart some sections and for some sections there is a trick to learn. 





 

s190 Deduction at source and advance payment 

{you just need to by heart this}

 

s191 Direct payment 

{you just need to by heart this}

 

s192 Salary  
{you can remember it by thinking that your grandfather's salary was rs.192 per month}

 

s193 Interest on securities 
{ you can remember it by thinking that people who were born in 1993 earns income only from interest on securities in their life. }

 

Now here it comes the series of 194 (Learn with fun)

 

[section194 Dividend] 
{ you can remember it by thinking that people who were born in 1994  are smartwho earns only dividend income. because dividend income is exempted income.}

 

[section 194A] Interest other than interest on securities
{ you can remember by thinking  A = Any other interest (other interest means other than securities)}.

 

[ section 194B ] Winnings from lottery or crossword puzzle 
{you can remember by thinking B=Bonus (it can me assumed that lottery is a kind of bonus income)}.

 

[section 194BB]  Winnings from horse race


 

 

{you can remember it by thinking  B=BomBay(Mahalaxmi race course)} 
 

[Section 194C] TDS on Contracts  
{ you can remember by thinking  C = contracts} 
 

[section 194D]  TDS from insurance commission  
{ you can remember by thinking that alphabet "D" comes after alphabet "c"  so,  from C = Commission of insurance.} 
 

[section 194E] Payments to NRI sportsman or Sport associations or Entertainer

{ you can remember by thinking that alphabet E = Entertainer.} 
 

[section 194G]  Deduction of tax from commission etc, on sale of lottery tickits

{you just need to by heart this} 
 

[section 194H]  Commission and brokerage

{you just need to by heart this} 
 

[section 194- I]  Rent 

{you can remember by thinking that alphabet  I = Inshan who is tenant} 
 

[section 194J] Fees for professional and technical services

 

 

{you can remember by thinking that alphabet  J =JACKIE CHAIN (Professional individual)} 

 

[section 194LA]  Payment of compensation on acquisition of certain immovable property

 

{you can remember by thinking that alphabets  LA=LAND ACQUISITION

 

So, these were some tricks to remember sections..Hope this would be helpful for many readers.


Giriraaj Vyas

www.facebook.com/ipccincometax

Replies (3)

thank you..nice one :)

Originally posted by : @ *Siddharth Bumb. *
thank you..nice one :)

You are welcome :)

Awesm trick sir..thnx

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