Navigate TDS and TCS responsibilities by payment type, certificate, return and correction workflow.
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TDS, or Tax Deducted at Source, is income tax withheld by the payer at the time specified under the law and deposited with the government on behalf of the recipient. This guide explains what TDS means, how it works in practice, where it commonly applies, and which current compliance points matter.
Choose the correct TDS statement for the reporting period, reconcile challans and deductee credits, and calculate the two-year correction limit with dated examples.
A practical guide to VDA TDS under the current Income Tax Act, 2025 framework, covering the 1% rate, annual thresholds, in-kind trades, exchange mechanisms and Form 141.
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A practical guide to VDA TDS under the current Income Tax Act, 2025 framework, covering the 1% rate, annual thresholds, in-kind trades, exchange mechanisms and Form 141.
A practical guide to reading a TRACES Justification Report, reconciling TDS defaults, choosing the right online or offline correction route, and verifying that the issue is actually resolved.
A practical Section 393 guide to deciding whether a resident service payment is contractor work, professional services or technical services, with current rates, thresholds, examples and a documentation checklist.
A practical guide to TDS on dealer incentives, business gifts and other benefits, covering the ₹20,000 threshold, 10% rate, valuation, in-kind rewards, discounts, conferences and influencer products.
A practical rent-TDS guide explaining the old section 194-I vs 194-IB distinction, payer and asset tests, rates, TAN/PAN treatment and the post-April 2026 move from Form 26QC to Form 141.
A practical guide to Form 128 under the Income-tax Act, 2025, explaining lower or nil withholding certificates, how they differ from self-declarations, what to prepare and how to monitor the certificate.
How advance tax works from tax year 2026-27 under the Income-tax Act, 2025: who must pay, cumulative instalments after TDS, the presumptive single instalment, and interest under sections 424 and 425 with worked examples.
From 1 April 2026, property buyers deduct 1% of the higher of price and stamp duty value under section 393(1), Serial No. 3(i), aggregate joint buyers for the ₹50 lakh test, and file Form 141 without a TAN.
Understand what Form 12BB is, how it differs from Form 16, which salary-tax claims it supports, and how employees and payroll teams should handle declarations, proofs and year-end TDS.
From 1 April 2026, buyers with over ₹10 crore business turnover deduct 0.1% TDS on purchases above ₹50 lakh per seller under section 393(1), Serial No. 8(ii), instead of section 194Q.
From Tax Year 2026-27, Form 121 replaces the earlier Form 15G and Form 15H declaration framework. Understand who can use it, the nil-tax condition, timing and common mistakes.
Section 194J governs TDS on specified payments to residents such as professional fees, technical fees, royalty, director remuneration other than salary, and certain non-compete payments. This guide explains who must deduct, current verified rates and thresholds, key exceptions, and how the rule works in practical accounting and tax work.
Using this collection
These guides help deductors, taxpayers and finance teams identify the relevant withholding issue and supporting form. Rate, threshold and form references can change, so confirm the applicable tax year and official portal instructions shown in each guide.
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