Frequently Used TDS Rates & Related Provisions Financial Year 2014-2015 (AY 2015-2016) A new section 194DA has been introduced in Budget 2014 under which sum received from insurance company will be liable to TDS at 2%. Read more: Tax on Insurance Maturity Policy I have not added section 194DA in the table below since it is […]
Cases where Low or No Deduction of TDS Required
Lower/No Deduction of Tax at Source (TDS) in Certain Cases with or without Certificates Income Tax Act has given relaxation of deduction of TDS in certain cases. Also there are cases in which TDS can be deducted at lower rate then prescribed in the act. Below are the cases: Section 197: Certificate of Deduction at […]