Mar 17, 2025 · Under TDS, the tax is deducted by the person incurring the expenditure and not by the person receiving the income. The assessee will file the TDS return and whatever tax is calculated on his total income will be deducted and the …

In the recent budget 2022 in Income Tax, it is proposed to impose a TDS on business promotion expenditure expended by an organisation. It has far reaching implications even in the hands of the recipients of the business promotion Expenditure.

Log in to your TDS online account to view/pay your bill with TDS ePay, add users to your account, change security settings, and much more!

Dec 30, 2023 · Understand TDS deduction in business: rules, exceptions, and penalties. Learn who needs to deduct, when to deduct, and the consequences of non-compliance.

Apr 30, 2023 · Section 194R is recently introduced in the finance bill 2022 for applicability of deduction on TDS on business promotion expenses paid by the business entities. This new TDS section will be applicable from 1st July 2022.

Mar 17, 2025 · What is TDS? – TDS Meaning and Full Form. TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the …

Oct 14, 2020 · In today’s article we will throw light on Tax Deducted at Source (TDS), when is it applicable to you and what are the various due dates for compliance. This article is written from the point of view of a Businessman and will cover only those instances where you have to deduct TDS as a businessman.

Jun 16, 2018 · TDS stands for Tax Deducted Source. In TDS system, persons responsible for making payment for specified services such as commission, brokerage, professional consultancy etc are required to deduct a fixed percentage from the amount.

Everything you should know about the TDS on business promotion, the TDS deduction limit and TDS amount limits. We’ll also look at TDS for the company, the minimum amount for TDS deduction.

May 14, 2020 · Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where the person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment.