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Explore the Key Types of TDS Deductions
15Jan

Explore the Key Types of TDS Deductions You Should Know

Tax Deducted at Source (TDS) is a key component of India's taxation system, intended to simplify tax collection and ensure compliance.  It makes tax collection more convenient while also ensuring that people do not evade paying taxes. This technique ensures that taxes are deducted at the source of income, whether it be wage, rent,...

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TDS on Purchase of Property
22Nov

TDS on Purchase of Property – Section 194IA of the Income Tax Act, 1961

When purchasing a property worth more than Rs 50 lakh in India, buyers have to follow certain tax procedures. These also include Tax Deducted at Source (TDS) under Section 194IA of the Income Tax Act 1961. This mandate requires that buyers of property, whether residential or commercial deduct TDS at 1% if the property...

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