12.1. TDS

Question 1

192

Answer 1

192 - Deduction of tax from salaries (applies to NR too)

192A- payment of accumulated balance due to employee (I.e. EPF)

Question 2

193

Answer 2

193- Deductions from Interest on security

Question 3

194

Answer 3

DaMn BIa DOG BbIbLK

194- deduction from dividend income of domestic co.

194DA- Non exempt payment under LIP

194M- payment for work or professional fees or Commission

194N- TDS on cash withdrawal

194B- winning from lotteries or crossword puzzle or card game & other games

194IA- purpose of immovable property

194D- insurance commission

194O- TDS on payment of certain sums by E- commerce operator to E- commerce participant

194G- Commission on sale of lottery ticket

194BB- winning from horse races

194IB- payment of rent by certain ind/huf

194LA- payment of compulsory acquisition compensation

194K- deduction from dividend of mutual fund

Question 4

194ACHIJ Who is required

Answer 4

• every person other than ind/huf
• ind/huf whose t/o exceeds 1cr/50 L in preceeding F.Y.

Question 5

194ACHIJQ

Answer 5

194A- Interest other than Interest in securities - 10%

194C- payment to contractors and subcontractors- 1% ind/huf - 2% others

194H- commission or brokerage- 5%

194I- rent - 2% plant & machinery, 10% land, building

194J- fees for technical or professional service - 2% tech, 10% professional

194Q- for purchase- 0.1% of such sum exceeding ₹50 lakhs