Section Details

191 Assessee in Default

192 Salaries

192A Pre-mature withdrawal from EPFS

193 Interest on Securities

194 Dividend
194A Interest Other Than on Securities

194B Winnings from Lotteries, Card Games, etc.

194BB Winnings from Horse Races
194C Contract

194D Insurance Commission

194DA Insurance Money Matured

194E Payment to Non Resident Sportsmen

194EE National Savings Scheme
194F Finish
194G Commission on Sale of Lottery Tickets

194H Commission or Brokerage

194I Rent for ..l and b.. P and m... f and f

194IA Purchase of Immovable Property (other than Rural

Agricultural Land)
194IB Rent for L&B (jo 194i m nhi katthe/"not assessed to pay tax")

194IC Section 45(5A) - Joint Development Agreement

194J Technical, Professional, Royalty, Director's Fee

194K Income from Units of Mutual Funds

194LA Compulsory Acquisition of Immovable Property
194M Non Applicability of 194C, H, J

194N Cash Withdrawal

194O ECO to ECP

194P Specified Senior Ci ti zens

194Q Purchase of Goods for more than ₹50 Lakhs

194R
On Benefit or Perquisite(gift) in Respect of Business or Profession
 TDS Summary
Rate
read from notes
Average Rate

10%
10%

10%
10%

30%
30%
1%, i f payee i s Individual/HUF; 2% i f others

5%
5% on Income portion(after sub(-)prem paid over the
years)
20% (+ Surcharge + HEC)
10%

5%

5%

2% (P&M); 10% (L&B; F&F)

1% of (Consideration or SDV, whichever i s

higher)
 5%

10%
2% [payee engaged in call cntre biz..;royalty for Sale, Fi
lms..; technical services(other than professional services)];
10% (Others)
10%
10%
5%

2%/5%

1% (5%, i f PAN i s not furnished)

Average Rate

0.10%

10% of aggregate value

gst aur municipal taxes par tds mat kato

TAN tan tax payer account number
RIET real estate investment trusts

194 r ke baad sections notes m pado green highlghted(no form numbers to be ememorized…only due dates and inteerst..
chjm most imp read from notes
tds m payable to govt tho mat kato tds
tcs if buyer govt h tho mat lo tcs
 TDS Summary
Threshold Time

Basic Exemption Limit Payment

≥ ₹50,000 Payment
> ₹10,000 (8%/7.75% Bonds) (P/C)E
> ₹5,000 (Debentures)
> ₹5,000 Before Payment
> ₹40,000/₹50,000 (in case of Senior Ci ti zens) (If (P/C)E
paid by Banks)
> ₹5,000 (If paid by Others)
> ₹10,000 Payment
> ₹10,000 Payment
> ₹30,000 per transaction or ₹1,00,000 aggregate.. Kaato (P/C)E

> ₹15,000 (P/C)E

≥ ₹1,00,000 (Aggregate in a F.Y.) Payment

No Threshold (P/C)E
≥ ₹2,500 Payment

> ₹15,000 (P/C)E

> ₹15,000 (P/C)E

> ₹2,40,000 (Aggregate in a F.Y.) (P/C)E

≥ ₹50,00,000(sdv or consideration either then kaato) (P/C)E

 (P/C)E credit ya payment whichever
earlier…but at last month of
year(last month of tenancy if
> ₹50,000 per month tenant vacants)tds for the whole
year

No Threshold (P/C)E
> ₹30,000 (for each category of payment(ptr); No (P/C)E
l imit for Director's Fee

> ₹5,000 (P/C)E

> ₹2,50,000 Payment
> ₹50,00,000 aggregate payment in a FY (P/C)E

> ₹1,00,00,000/₹20,00,000 (for Defaulters) Payment

> ₹5,00,000 (in case of Individual/HUF who have (P/C)E

furnished PAN or Aadhaar);
No threshold in other cases

Basic Exemption Limit No Time Specified

> ₹50,00,000 (P/C)E

>20000 in F.Y before providing benefit or perqusite

es par tds mat kato

form numbers to be ememorized…only due dates and inteerst..

 Remarks

If the payment i s made by Individual/HUF, he i s required to deduct TDS only i f T/o from Business in the Last F.Y.
>₹1Cr; ₹50L (in case of Profession)

1. If the payment i s made by Individual/HUF, he i s required to deduct TDS only i f T/o from Business in the Last F.Y. >
₹1Cr; ₹50L (in case of Profession) 2. payment is for business purposes if both condition satisfy tds deuct
Works Contract includes ABC 2M = Advertising, Broadcasting
goods/passengers, manufacturing as per the design by purchasing material from customer...if material not purchased from c
tds nhi katega; Transporter ke case me nahi kaato, agar wo 44AE wala hai, aur usne PAN diya hua hai.

It should not be exempt u/s 10(10D) 3 cheeze ….exempt X 10(10d)…>_100000 tho hi kato…income portionpar hi 5%

If the payment i s made by Individual/HUF, he i s required to deduct TDS only i f T/o from Business in the Last F.Y.
>₹1Cr; ₹50L (in case of Profession);
No TDS in the following cases:
1) On brokerage for securities;
2) Professionals required to maintain books of accounts as per Section 44AA;
3) BSNL/MTNL to their franchisees;
4) TV Channels/Newspaper Companies to Advertising Agencies (either for booking the ads, or for onboarding the actors/mod

If the payment i s made by Individual/HUF, he i s required to deduct TDS only i f T/o from Business in the Last F.Y.
>₹1Cr; ₹50L (in case of Profession); No TDS i f Rent i s paid to REITs.
Consideration and sdv both less than 50lakhs h tho hi tds mat kaato baaki cases m kato; Not applicable on compulsory acquisi
Applicable on Joint Development Agreement; No TAN i s required to deduct TDS
It applies to those Individuals/HUFs, whose T/o of the last F.Y. does not exceed ₹1,00,00,000 from
Business/₹50,00,000 (Profession); No TAN i s required to deduct TDS; If TDS i s deducted u/s 206AA(higher rate), then TDS
exceed the rent of the last month.

Section 194IA won't apply. TDS will be deducted only on the cash portion of consideration.
If the payment i s made by Individual/HUF, he i s required to deduct TDS only i f T/o from Business in the Last F.Y. >
₹1Cr; ₹50L (in case of Profession); No TDS i f payment i s made for personal purposes.

No TDS on Capital Gains.

applicable for individual of huf only jo CHJ m nhi ate( eg.pension receivers under section 194C/biz t/o <_1cr 50 lakh biz prof..basically CHJ
huf turnover not because ki CHJ other conditions satisfy nhi hui eg.works contract hi nahi tha
normal case
tds @2% on the sum exceeding 1croce in a financial year to an account holder by the bank
defaulters(who didn’t file return in all the 3 immediately preceeding Pys before the due date as per section 139(1)
tds @2% on sum exceeding 20 lakhs till 1 croce ; thereafter tds@5%(slab rate aise but on exceeding sum 20lakhs in a FY to an acc holder by

CONDITIONS: recipient being resident of india I( is of 75 years of age or more at any time during the P.Y)II(is having pension income and n
interest income from any account maintained by such individual in the same specified bank in which he is receiving his pension III has furn
specified bank
Buyer's turnover should be greater than ₹10 crores in the last year.

payer: an individual/huf having turnover >-1 croce in case of biz. Or >- 50 lakh in case of profession during the immed
non applicabilty aur extras

startup…sweat eq shares allot..tax..within 14 days from earliest of the foll… 1) 48 months after end of relevant assesment year 2)sale o

if int is paid by central govt under diff prov(interest on income tax refund)…no tds when individual pays interest to bank

non applicable in case where payments made to the heirs of the assesee

other than agricultural land(only rural)..urban pe katega tds

agar consolidated bill hai ( fees+ travel+stay= 50000) then poore amt par tds kaatna hoga..agar alag alag dya tho sirf fees wale amt par tds ka
technical services include managerial technical consultancy services…but doesn’t include consideration for construction,assembly,minin
projects,services provided by robots and salary payment...professional
services>>lregal,medical,engineer,architecture,accountancy,advertising(models,artist)
int dividend par tds katega 5000 ke upar 10%...units bechne par payment par tds nahi katega
other than agricultural land (both urban rural)

no need to file return u/s 139(1) as bank hi tax calc kar poora tax tds ke roop m de dedgi

tds only on the amt exceeding 50lakhs

of such security 3)ceasing to be the employee of the employer who alloted the shares
higher rate of tds

higher rate of tcs

 non furnishing of PAN …..by seller in case of tds….by buyer in case of tcs

SECTION 206AA

Higher of the following

a. the rate presribed in the relevant sections
b. rate in force(mentioned in finance act)
c. at the rate of 20% (5% if u/s 194O and 194Q)

SECTION 206CC

Higher of the following

a. twice the rate specifed in the relevant sections
b. 5% (1% in case tcs u/s 206C(1H)
non filing of income tax return …by seller in case of tds..by buyer in case of tcs extra
non filing pichle saal aur tds tcs milake 50000< 206ab,206cca section applies

SECTION 206AB if 206aa and 206 ab both applies then

tds higher rate of the two sections
Higher of the following
a. twice the rate prescribed in relevant sections
b. twice the rate in force(mentioned in finance act)
c. at 5%

this section not applicable for tds u/s

192,192A,194B,194BB,,194IA,194IB,194M,194N

SECTION 206CCA if 206cc and 206cca both applies then

tds higher rate of the two sections
Higher of the following
a .twice the rate specified in relevant sections
b. 5%
206C(1) Selling of Goods

206C(1F) Sale of (motor vehcile saare)

206C(1G) Ghumi Ghumi (Overseas Tour Package/Overseas Remmitance)

206C(1H) Sale of Goods for more than ₹50 Lakhs

206c1g seller to buyer 5% tcs no threshold limit…

auth dealer to buyer …..threshold limit 7lakhs rate 5%
receipt/debit whichever earlier
no tcs:
1) by auth dealer if sum collected directly by seller
2) if buyer govt
3)where the buyer is liable to deduct tds under any other provision(jo prov ca
inter nhi h)
 TCS Summary
Daaru - 1%
Tendu Leaves - 5% Timber - 2.5%
Timber - 2.5% Forest Produce - 2.5% Kabaad (Scrap) - 1%
Minerals - 1% Parking Lot (P) - 2% Toll Plaza (T) - 2%
Mine/Quary (M) - 2%

1%

NIL (i f amount does not exceed ₹7 lakhs); 5% (i f amount

exceeds ₹7 lakhs);
0.5% (i f amount i s remitted because a loan
was taken for education)

0.10%
 TCS Summary

Receipt

> ₹10,00,000 Receipt

> ₹7,00,000
(R/D)E

> ₹50,00,000 Receipt

If the seller i s an Individual/HUF, he i s required to collect TCS only i f his turnover from selling these items in the
last year exceeded ₹1 crore, or his gross receipts from the profession of the last year exceeded ₹50 Lakhs.

If the seller i s an Individual/HUF, he i s required to collect TCS only i f his turnover from selling these items in the
last year exceeded ₹1 crore, or his gross receipts from the profession of the last year exceeded ₹50 Lakhs.
No TCS will be collected by the booking tour operator(auth dealer), i f the payment was made directly to the destination(selle
collected the TCS.

TCS under this section i s collected only i f the seller's turnover for the last F.Y. was more than ₹10 crores. If the buyer
i s required to deduct TDS u/s 194Q, then TCS won't apply.
no tcs if buyer is govt..
no tcs if for personal
purposes(retailsales)

no tcs if buyer is govt CBDT CLARIFICATIONS

not applicable - manufactures to dealers/distributors

no tcs if buyer govt..no tcs if buyer has to deduct

tds for this type of transaction
under any other provision(not in ca inter)

tcs only on the amt exceeding 50lakhs