TDS stands for tax deducted at source. Any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department.

Any company or person who makes the payment after deducting TDS is called a deductor and the company or person receiving the payment is called the deductee. It is the deductor’s responsibility to deduct TDS before making the payment and deposit the same with the government. TDS is deducted irrespective of the mode of payment–cash, cheque or credit. It is linked to the PAN of the deductor and deductee.

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All Articles

  1. Find out what is section 194I tds on rent. Check out rates, what payment is covered u/s 194I and who is liable to deduct TDS u/s 194I.
  2. Find out what is section 194h TDS on commission and brokerage. Check out the rates and when is TDS under section 194H needs to be deducted.
  3. A step by step guide with screenshots on how to file TDS on sale of property and to obtain Form 16B (for the seller) or Form 26QB (for the buyer).
  4. Know about section 194a - TDS on interest other than interest on securities. Find out when is TDS deducted u/s 194a and deducted at NIL rate or lower rate.
  5. Know about section 194C - TDS on payment to contractor and TDS to Sub-Contractor. Find out what is section 194C and rate of TDS.
  6. Check out the TDS Rate Chart for FY 2016-17 and AY 2017-18. Find out the rates of TDS applicable to resident and non-resident Indians.
  7. Find out the TDS payment due dates and timeline for depositing and filing TDS/TCS return. Check out the late filing fee and interest applicable.
  8. A step-by-step guide on how to upload TDS statements on the Income Tax Department website.
  9. How to download a justification report to reply to a TDS demand notice
  10. Step-by-step guide on paying TDS online on the government website
  11. Step-by-step guide on retrieving username and password on ClearTDS
  12. Everything you need to know about TDS and how it is calculated
  13. A step-by-step guide on how to revise TDS returns on ClearTDS.
  14. Guide to online correction: add challan or transfer voucher to TDS return on the TRACES website