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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
General; Tax avoidance. Repatriation tax avoidance; Tax evasion; Tax resistance; Tax shelter; Debtors' prison; Smuggling; Black market; Unreported employment; Corporate
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Insurance commission ₹15,000: 5% (individual), 10% (domestic companies) 194DA: Life-insurance payment ₹100,000: 1% 194E: Payment to non-resident sportsmen or sports association: Not applicable: 20% 194EE: Payment of deposit under National Savings Scheme ₹2,500: 10% 194F: Repurchase of unit by Mutual Fund or Unit Trust of India: Not ...
However, speaking of individual awards, Commanders QB Jayden Daniels probably locked up the Offensive Rookie of the Year hardware after passing for 258 yards and five TDs, including the game ...
Fantasy football players to add for Week 9. Due to the wide variance in types of leagues and individual team needs, the players listed here are in the lowest to highest availability rates in ...
If the partner of a firm only earns income from the firm as a share in the profits and not by any other means such as interest, bonus, salary, remuneration, or commission etc. then such an Individual or Hindu Undivided Family should file Income Tax Returns using only the ITR-3 Form, and not the ITR-2 Form.