Income Tax

This section contains provisions relating to TDS on interest payments (other than interest on securities) made to residents.

Specified person who is responsible for paying any sum to the resident contractors for carrying out any work in pursuance of a contract between them.

Section 194 of the Income Tax Act deals with TDS on dividend payment made by a domestic company.

Tax Deducted at Source (TDS) on cash withdrawal from Banks, Post Offices & Co-operative societies engaged in the banking business.

Section 194J of the Income Tax Act, 1961 states the provisions for deducting tax at source during payment of fees for professional services or technical services or royalty.

Section 194-IB contains provisions relating to TDS on payment of rent by individuals or HUF not covered under Section 194-I.

Tax to be collected at source by the seller on receipt of sale consideration for the goods sold to the buyer.

The person who is buying any immovable property has to deduct tax at the rate of 1% while making payment to the seller.

Tax to be deducted at source by the buyer while making payment to the seller in respect of purchase of goods.

The person (other than individual and HUF) who is responsible for paying rent to residents is liable to deduct tax at source under section 194I of the Income Tax Act, 1961.