Buying property worth Rs 50 lakh or more? The buyer must deduct 1% TDS under Section 194-IA, file Form 26QB within 30 days and issue Form 16B. Full rules with worked examples.
194C vs 194J explained: 1%/2% TDS on contractor payments, 10%/2% on professional and technical fees, Rs 50,000 threshold from April 2025, and the new Section 393 payment codes from April 2026.
Buying property from an NRI? The buyer must deduct TDS under Section 195 (now 393(2)) at 13%-14.95% on the full sale price. Learn the rates, Form 13 lower-TDS certificate, buyer compliance and how to claim a refund.
Banks deduct 10% TDS on FD interest above ₹50,000 a year (₹1,00,000 for senior citizens) under Section 194A, now Section 393. Here are the rates, limits, Form 121 and how to claim a refund.
If you pay rent above ₹50,000 in a month, you must deduct TDS. Businesses use Section 194-I (10% or 2%), salaried individuals use Section 194-IB (2%, once a year). New Section 393 under the Income-tax Act, 2025 explained.