Trick to remember sections form 190 to 194LA

2709 views 3 replies

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register