Dear Expert,
Can anybody arrange comparative chart showing descripiton and section of TDS in IT Act 1961 & IT Act 2025 for convenience of payment of TDS.
Menu
COMPARATIVE CHART SHOWING DESCRIPTION & SECTION OF TDS IN IT ACT 1961 & IT ACT 2025
Replies (1)
The Income Tax Act, 2025 consolidates over 60 old TDS sections into two core sections: Section 392 (for Salaries) and Section 393 (a singular master table for all Non-Salary payments). Reporting is now driven by four-digit Numeric Payment Codes (e.g., Code 1023 for contractors, Code 1027 for professional fees) rather than separate sections, utilizing updated returns like Form 138 and Form 140 to streamline compliance.
Recent Topics :
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
Related Topics :
CAclubindia
