Tax Deduction at Source (TDS) is a crucial part of the Indian taxation system. If you're paying contractors or subcontractors for services rendered, understanding TDS on contractor payments under Section 194C of the Income Tax Act is essential. This guide will walk you through the details, explaining the process in simple terms so you can comply with tax regulations without any … [Read more...] about Tax Deduction at source (TDS) on Contractor Payments U/S 194C: A Complete Guide
Rate of TDS
What is TDS – When Should You Deduct Tax At Source
TDS stands for Tax Deduction at Source. As per the provisions of IT act, tax on income shall be payable by deduction at source (TDS) even though such income earned during the financial year is assessable subsequently in the relevant assessment year. Because of this provision, the person who is making payment of your salary, rent, interest etc will deduct income tax (TDS) at a … [Read more...] about What is TDS – When Should You Deduct Tax At Source