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TDS Applicabilty

subhagan sreerangam (7059 Points)

19 July 2020

What are the expenses for with TDS applicable.Please give all the details of this.

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Maryam Hasan Meem (Student) (448 Points)
Replied 19 July 2020

Please go through all the sections (section 192 to section 206) regarding TDS applicability.

https://pib.gov.in/PressReleasePage.aspx?PRID=1623745

it will help you out for better understanding 🙏

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 19 July 2020

Pls refer below link for your easy reference
https://cleartax.in/s/tds-rate-chart

Shivam RC (Student) (23683 Points)
Replied 19 July 2020

You are talking about TDS under Income Tax Act 1961 or TDS under CGST Act 2017 ???

subhagan sreerangam (7059 Points)
Replied 19 July 2020

Applicable Income Tax Act 1961.

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 19 July 2020

Then need to refer Section 192 to 206 as replied by Mr. Shama Parveen.

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Shivam RC (Student) (23683 Points)
Replied 20 July 2020

If you are talking about the TDS to be deducted under the Income Tax Act 1961, the Refer Section 192 to Section 206 of the Income Tax Act 1961.

Some of the common examples of Expenses on which TDS is deducted is as follows :

Section 192 : Payment of Salary.
Section 193 : Interest on Securities.

Section 194B : Winnings from Lotteries, Crossword Puzzles, Card Games and other games.

Section 194BB : Winnings from HORSE RACING ( including Jackpot given by the Race Clubs ).

Section 194D : Insurance Commission.
Section 194G : Commission on Sale of Lottery Tickets.

Section 194H : Commission or Brokerage.
Section 194-I : Rent on (a). Plant & Machinery, (b). Land or Buildings or Furniture or Fittings ; if the value of Rent exceeds Rs. 2,40,000 p.a.

Section 194J : FEES FOR PROFESSIONAL SERVICES, Remuneration to a Director.

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