If you earn or pay commission or brokerage, you need to know about Section 194H of the Income Tax Act. It tells you when and how TDS (Tax Deducted at Source) should be deducted before making payments. What is Section 194H? Examples of Commission/Brokerage Covered When to Deduct TDS You must deduct TDS at the
Tax Deducted at Source (TDS) plays a vital role in India’s taxation framework, ensuring tax is collected at the time of payment. For businesses and individuals dealing in commission and brokerage, Section 194H of the Income Tax Act is particularly important. It mandates deduction of TDS before payments are made, improving transparency and preventing tax
India’s equity markets are entering a new era with the launch of T+0 settlement, a system where trades are settled on the same day they are executed. This landmark change promises to make the market faster, more liquid, and more efficient. The country’s stock market journey dates back to the 19th century, with the Bombay
Understanding Tax Deducted at Source (TDS) on interest from securities is crucial for both individuals and businesses in India. Covered under Section 193 of the Income Tax Act, the provision mandates that anyone paying interest on securities to a resident must deduct tax at the source. From rules and exemptions to compliance requirements, Section 193
Auto insurance is an essential safeguard for vehicle owners, providing financial protection against accidents, theft, and damage. With road accidents and vehicle theft cases climbing across India, choosing the right motor insurance has never been more important. Key Highlights What is Auto Insurance?Also known as vehicle or motor insurance, auto insurance is a contractual agreement
Section 80C of the Income Tax Act, 1961, is one of the most widely used tax saving provisions for individual taxpayers and Hindu Undivided Families (HUFs) in India. It allows a deduction of up to ₹1.5 lakh from taxable income every financial year through investments or payments in eligible schemes. In addition to lowering tax
Section 80C of the Income Tax Act, 1961, is one of the most popular tax-saving provisions for individuals and Hindu Undivided Families (HUFs) in India. It allows taxpayers to reduce their taxable income by up to ₹1.5 lakh per financial year by investing in specified financial instruments. Apart from lowering tax liability, these investments can
