Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
TDS obligation by individuals and HUFs requires deduction on payments for work, commission or professional services when threshold exceeded. Section 194M requires individuals and Hindu undivided families (excluding persons already covered under certain other deduction provisions) to deduct tax ... Summary
TDS obligation by individuals and HUFs requires deduction on payments for work, commission or professional services when threshold exceeded.
Section 194M requires individuals and Hindu undivided families (excluding persons already covered under certain other deduction provisions) to deduct tax at source when paying residents for work (including supply of labour), commission or brokerage, or professional services, at the time of credit or payment, whichever is earlier; a statutory exemption excludes deduction where aggregate payments to a resident in a financial year do not exceed the specified limit, and section 203A does not apply to deductors under this section.
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