Who is liable to deduct TDS under 194A?

The Income Tax Department has issued income tax refunds to about 24 lakh taxpayers in the country till 30 August 2021. This includes both individual and corporate income tax payers, read full news

Tax deducted at source(TDS) U/s. 194A, 194J & 193 of Income Tax Act, 1961

3 Comments / INCOME TAX / By taxconcept / June 2, 2021 June 2, 2021 / 194A: TDS section INCOME TAX DEPARTMENT, income tax act, income tax article, INTRODUCTION OF TDS, SECTION 194A, SECTION 194J, TDS, TDS on interest on securities 1, TDS UNDER SECTION 194 & 193, TDS UNDER SECTION 194A, Who is liable to deduct TDS under 194A?

Tax deducted at source from interest other than interest on securities (Section-194A), from fees for professional services/technical services/royalty (Section-194J) and from interest on securities (section 193) For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called …

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