Tag - TDS

TDS Limits for Professional Services Under Section 194J

TDS Limits for Professional Services Under Section 194J

The Income Tax Act imposes TDS on professional and technical services under Section 194J. Companies (except individuals and Hindu undivided families) are required to deduct tax when making payments for certain specific services to residents. The objective of Tax Deducted at Source (TDS) is to ensure that tax is collected at the time of...

Unlocking the Mystery Is TDS Applicable to Your Service Expenses

Unlocking the Mystery: Is TDS Applicable to Your Service Expenses?

Tax Deducted at Source (TDS) is a critical aspect of India’s taxation system that ensures a steady flow of revenue to the government. However applying TDS is often confusing, especially for businesses trying to understand whether it applies to their service expenses. In this comprehensive guide, we’ll unlock the mystery behind TDS and help...

Tax Deducted at Source - Sterlingtax Partners LLP

Tax Deducted at Source – Sterlingtax Partners LLP

Tax Deducted at Source (TDS) is a procedure implemented by the Indian government to collect taxes at the source of income. A certain percentage of tax is deducted by the payer at the time of making payments to the receiver, and this amount is then remitted to the government. TDS is applicable to a...